3rd Stimulus Dependent Eligibility Changed in 2020

Forum|Forum|5 years ago
March 18, 2021
1 reply
0 views

I am not claiming my son as a dependent in 2020 as he is over 19 years and not a Full Time student. Though he was claimed as a dependent in2019. I had not filed my taxes before the 3rd Stimulus payment deposited $1,400 for having a dependent based on my filing in 2019.

I am assuming I will need to contact the IRS for repayment of the $1,400 as he was not a dependent for 2020.

JoannaB2

Level 9

If you already received the 3rd round of stimulus payment, that's ok. The stimulus payments (1st - 3rd) are non-taxable and none of the three stimulus checks won’t reduce your refund or increase what you owe when you file your taxes this year or next.

Under the American Rescure Plan Act signed in 3/11/2021, a family with household income of $150,000 or less will receive a stimulus payment of $1,400 per taxpayer and qualified dependents including dependent over 17 years old.

qz2s4m00Author

Level 2

Though my son was a dependent in 2019 he was not in 2020. Wouldn't the eligibility for receiving the 3rd round be based on status for 2020?

If so, that why it seems the $1,400 is an over payment that the IRS will want corrected.

JoannaB2

Level 9

Yes, the stimulus payment is calculated based on the number of dependents under 17 plus the taxpayer/s. Your son needs to file 2020 income tax return to receive the stimulus payment. If you received overpayment,none of the stimulus checks are taxable and won't impact your income tax filed this year.

Under the American Rescue Plan Act of 2021 signed in 3/11/2021, a family with household income of $150,000 or less will receive a stimulus of $1,400 per taxpayer and dependents including qualified dependents over 17 years old.