Can I confirm that the EIP3 stimulus was based on Filing status for 2020. My daughter did not receive one last year as she was a full time student in 2020 and claimed as a dependent on y tax return. Looking at her tax return for 2021, she is not a student and not a dependent . Turbo tax is adding the payment on to her return.
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No. The 3rd EIP payment is based on 2021----not on 2020. The IRS sent out some of those 3rd EIP payments in a hurry so they used 2020 returns, but it was always a credit paid in advance of 2021. if someone got it based on 2020 and does not qualify based on 2021 they do not have to pay it back. But now the IRS will not go backwards and use 2020.
If your daughter cannot be claimed as someone else's dependent on a 2021 tax return she can get the payment. It will show up on line 30 of her Form 1040.
Can she be claimed as a dependent?
Yes. The 3rd Stimulus payment is really for 2021 so she can get it in her return, even if you got it for her based on your 2020 return.
No. The 3rd EIP payment is based on 2021----not on 2020. The IRS sent out some of those 3rd EIP payments in a hurry so they used 2020 returns, but it was always a credit paid in advance of 2021. if someone got it based on 2020 and does not qualify based on 2021 they do not have to pay it back. But now the IRS will not go backwards and use 2020.
If your daughter cannot be claimed as someone else's dependent on a 2021 tax return she can get the payment. It will show up on line 30 of her Form 1040.
Can she be claimed as a dependent?
Thanks. I think this is our case. For 2021 she is not a dependent. She was for 2020 and we claimed as such and received the extra in March 2021. So as she is single not a dependent, TurboTax is correct adding the $1400 on to her return.
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