I have two 19-year-old dependents in college full time. My AGI is over $200K. I save only $1000 having them on my taxes. Would it be better for them to file on their own and then would they be eligible for the stimulus? Their income is around $18K.
This is not a game to me. The government is handing money out like candy. If it is legal for my dependents to file separately and get in line for this candy, I have no problem with them doing so. I am asking from a legal tax position. If you are not a professional tax person, act accordingly. If your not, please disregard my question and leave your comments to yourself.