3rd Stimulus Dependent Eligibility Changed in 2020

Forum|Forum|5 years ago
March 18, 2021
1 reply
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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.

NCperson

Level 15

@shakeyknees wrote:
Do we have to return the $1400 ?

We don't know at this point.

For the third stimulus, the law specifically told the IRS to create some rules to try to avoid the double-payment like that (that does NOT apply to the first two stimulus payments). So far, the IRS has not issued any guidance in that matter.

@AmeliesUncle - that is interesting.

Can you document any news articles or where in the law itself that is stated?

otherwise, it's just a rumor unsupported by fact