Hey I just have a question in regards to filing my taxes in 2021. It is asking me If I received the third Stimulus payment in 2021. I know I was claimed as a dependent in 2020's taxes so I didn't receive any sort of recovery credit last year. Since I can not be claimed as a dependent this year and filing single with gross less then 75k, its saying I should receive the 1,400 in recovery credit? Just making sure that is right as I know my father probably got more for the claim last year.
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Even though your father got the stimulus for you based on his 2020 return when you were a dependent, it is perfect okay for you to receive it on your 2021 return now that you are not his dependent.
Even though your father got the stimulus for you based on his 2020 return when you were a dependent, it is perfect okay for you to receive it on your 2021 return now that you are not his dependent.
If you did not receive the third stimulus payment because someone else received it and you qualify based on your 2021 info, you are entitled to a Rebate Recover Credit as super champ @Besch4477 said.
The IRS says:
Q E15. Dependents: Can my 2021 Recovery Rebate Credit include an amount for a qualifying dependent if the dependent received the third Economic Impact Payment or someone else received the third Economic Impact Payment for the dependent? (added January 13, 2022)
A15. Yes, if you meet the eligibility requirements to claim the 2021 Recovery Rebate Credit. The amount of your credit may include up to $1,400 for a qualifying dependent you are claiming on your 2021 return.
See: Topic E: Calculating the 2021 Recovery Rebate Credit
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