I had 4 dependent children in 2019 that I claimed. I will not have any of these dependents in 2020. First, am I getting their stimulus payment? If so, how do I stop that so it can go to the person who has these children now? Secondly, if I do get this money will I be taxed in 2020 or 2019? Or can I just give the money to the adult who is caring for them if I am not going to be taxed for it?
Yes, if the children are qualified children for you.
The child must be related to you, less than 17 years old in 2019, live with you for more than half of 2019 in the United States and did not file a joint return with a spouse.
If the children do not meet these qualifications you will not receive the Stimulus Payment for the children.
The Stimulus payment will not be taxable to you when you file your 2020 tax return.
If you do receive any Stimulus money you can give it to the person that is caring for the children now.
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The way the law reads, and the current guidance has not said otherwise, is that you will receive the Stimulus for those qualifying dependents. Then when that other person files their 2020 tax returns, they will ALSO receive a Stimulus payment for the dependents on their tax return.