stimulus credit

Forum|Forum|5 years ago
February 10, 2021
6 replies
27 views

My parents claimed me on their 2019 taxes. I did not receive any stimulus money. Am I eligible to claim the tax credit for stimulus on my 2020 taxes? My parents are not claiming me on their 2020 taxes. Thank you!

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Best answer by RayW7

If you were claimed as a dependent on your parents' 2019 tax return, you will not receive stimulus payment. However, because the payments will be 2020 tax credits, if you are not claimed as a dependent for 2020, you should be able to receive the credit when you file your 2020 tax return.

Under the bipartisan coronavirus relief package, each adult will receive a stimulus payment of $1,200 and they will get $500 per child, for taxpayers who make less than $75,000 individually or $150,000 jointly.

However, no money will be provided for dependents who are older than 16, and these dependents are unable to claim the payment for themselves. The stimulus checks exclude older dependents, like college students or those who are disabled.

Legislation has been proposed that would make older dependents, 17 and 18 year-olds, college students and those who are disabled, eligible for the $500 payment.

RayW7Answer

Level 12

Legislation has been proposed that would make older dependents, 17 and 18 year-olds, college students and those who are disabled, eligible for the $500 payment.

LMR3Author

Level 2

Thank you so much! That answers my question!

emilar59

Level 5

I was claimed as an adult dependent in 2019 on my daughters income tax. This year i want to file on my own as our finances have changed and because i need to file some interest payments.Is it ok to file my own as long as she nor anyone else doesn't file using me.