turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have a dependent I claimed this year

So my daughter was claimed by her mother last year for taxes. I was reading about how the stimulus payments were an advance to be based on 2020 taxes. Since I claimed her for 2020 am I eligible to get those stimulus payments for her? If so, I saw something about amending line item 30 of my taxes however I can't seem to find that within the TurboTax system.  anybody dealt with this, or know what I need to do?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Carl
Level 15

I have a dependent I claimed this year

According to the IRS, the parent who last claimed the child on their taxes (2019, or 2018 if 2019 taxes haven’t been filed yet) will receive the stimulus payment. How you and your ex decide to allocate the money is a matter that you can settle together, or might be covered in the divorce/child custody matter decree.

I have a dependent I claimed this year

irs.gov/newsroom/irs-letters-explain-why-some-2020-recovery-rebate-credits-are-different-than-expected

The stimulus money you get for claiming your children is based on your 2020 tax return.    When they hurried to send out checks last year they could not wait for people to file tax returns so they used either 2018 or 2019 information that was in the system already.   

 

But the credit was an advance on a credit you get on your 2020 return.   The way it worked means  in some divorce situations etc when parents "take turns" with claiming the child etc. a parent may have gotten the stimulus for a child based on their 2018 or 2019 return and they do not have to pay it back even if they did not claim the child for 2020.   But .....the parent who does claim the child in 2020 gets stimulus for the child---in other words stimulus is being paid out twice for the same child in many cases.  That is how they wrote the law.

 

You do get to claim all the stimulus money for round #1 and round #2 for the children who are claimed on your 2020 tax return.

 

 

 

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check in 2020, you can get it when you file your 2020 return in early 2021

The Recovery Rebate Credit will be found in the FEDERAL REVIEW section. ( you should see "Let's make sure you got the right stimulus amount”)  If you are eligible it will end up on line 30 of your 2020 Form 1040.

 

Make sure that you enter ALL of the stimulus money received for the 1st and 2nd stimulus for yourself, your spouse and your children.

 

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Manage cookies