I am curious of I am going to be receiving a stimulus check this year or how that will work out due to my filing situation.
In the 2019 Taxes my Father claimed me as dependent, and received the extra money that came with the dependency claim, meaning I did not receive the first stimulus check. For 2020 Taxes, I am now independent and filed my 2020 taxes already as such, but my father is out of the financial threshold to receive a stimulus check.
I was thinking that this would possibly get me in a weird grey area of if I am eligible to receive a stimulus check. I was within the threshold with my income to potentially receive a full $1400 but am unsure if due to my previous year status, that would complicate anything.
Let me know if more information is needed to answer, thanks!
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if you could not be claimed by your father in 2020, you should have received the recovery credit on Line 30 of Form 1040 which in effect is the first two stimulus payments. There should be $1800 on Line 30.
Then depending on when you filed your 2020 return and when the IRS created the $1400 payments , you are either going to get the $1400 in the next few weeks OR you will have a 'recovery credit' of $1400 on your 2021 tax return.
if your CAN'T be claimed by your father in 2020, his income has nothing to do with the situation for any of the 3 stimulus payments.
The third stimulus payment is based on your 2020 income tax information. If you filed and the IRS has processed your return, you are on the list to get the payment if you qualify.
The fact that you were claimed as a dependent in 2019 may slow things down.
You can check the status of your third stimulus payment at Get My Payment?
Generally, if you are a U.S. citizen or U.S. resident alien, you are eligible for the full amount of the third Economic Impact Payment if you (and your spouse if filing a joint return) are not a dependent of another taxpayer and have a valid Social Security number (see exception when married filing jointly) and your adjusted gross income (AGI) on their tax return does not exceed:
Payments will be phased out – or reduced -- above those AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:
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When I do "Get My Payment?" I get:
We are unable to provide the status of your payment right now because:
Which is why I am here, in case there was knowledge on a weird situation like mine or something similar.
if you could not be claimed by your father in 2020, you should have received the recovery credit on Line 30 of Form 1040 which in effect is the first two stimulus payments. There should be $1800 on Line 30.
Then depending on when you filed your 2020 return and when the IRS created the $1400 payments , you are either going to get the $1400 in the next few weeks OR you will have a 'recovery credit' of $1400 on your 2021 tax return.
if your CAN'T be claimed by your father in 2020, his income has nothing to do with the situation for any of the 3 stimulus payments.
Awesome, this helped me out!
Thanks to the replies.
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