If my son is a qualifying resident. He would like to apply for the Recovery Rebate Credit. To do so, he would have to file as a dependent, but can't do so if we claim him as a qualifying resident. Do we have to claim him if he meets the qualifications, or can we choose not to so that he can get the Credit?
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You should probably claim him as he is not going to qualify for the recovery rebate. He doesn't qualify for the rebate if he can be claimed by you or someone else. It doesn't matter if you actually do claim him or not. If he can be claimed on another return, he has to indicate that on his tax return which will disqualify him from receiving the credit. Dependents are not eligible. You can receive the additional payments of $600 and $500 (recovery rebate) if he qualifies on your return, but only dependents 16 years old (as of 12/31/20) or younger qualify for the credit on your return.
You can claim your son as a Qualifying child if:
In order for him to be eligible for the recovery rebate, he has to be able to answer NO to the question - ''Can you be claimed by another taxpayer''. If you can claim him, you should. You won't get the recovery rebate for him if he is over 16, but you will get the $500 Credit for Other Dependents which is better than no credit at all.
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