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If I don't think I qualify for a third stimulus payment but turbotax thinks I do, will this affect the rest of my tax return?

I was claimed as a dependent in 2020, but will not be claimed as a dependent in 2021. Do I still qualify? If not, how do I enter that in turbotax?
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2 Replies
KrisD15
Expert Alumni

If I don't think I qualify for a third stimulus payment but turbotax thinks I do, will this affect the rest of my tax return?

Yes, you qualify. 

 

Yes, it may seem as if a payment is made in regards to you twice, but that is the way the law was written. 

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If I don't think I qualify for a third stimulus payment but turbotax thinks I do, will this affect the rest of my tax return?

If you were a dependent on a 2020 return but filing independent for 2021 you can get it now and they don't have to pay it back.  So say NO you did not get one because you didn't one, your parents got it.

 

The 3rd Stimulus payment is really based on 2021.  The IRS just sent the checks out using 2020 to get them out fast.

 

See IRS Topic B first question

Questions and Answers about the Third Economic Impact Payment — Topic B: Eligibility and Calculation...

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