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stimulus

Forum|Forum|4 years ago
January 31, 2022
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If my parents claimed me as a dependent last year and received the third payment. How do I respond to the question did I receive a third payment because I didn't

Best answer by Opus 17

@Scarter17 wrote:

ok. even though they received a payment for a dependent?

Correct, with the following caveat.

You must answer "yes, I can be claimed as a dependent" if you can be claimed under the rules, even if you don't want to be claimed and the person who could claim you agrees not to. If you need to review the rules, they are here.

https://www.irs.gov/pub/irs-pdf/p501.pdf

If you can't be claimed, then say so, and answer that the amount of stimulus you received was zero (because that's what was paid in your own name.)

The tl;dr answer is that the rebate was always and only a credit on the 2021 tax return. The IRS was instructed to make estimated payments based on the best information they had, but final eligibility is determined by the 2021 tax return. If you qualify now, you get the rebate. Your parents will not have to pay the rebate back.

J

JulieS

You should answer no, and you should be eligible for the $1400 payment if you met the other requirements.

Here is a quote from the IRS FAQs on this topic:

"No longer a dependent: Individuals who were claimed or could be claimed as a dependent on someone else’s tax return for 2019 or 2020 may now be eligible if they can’t be claimed as a dependent on someone else’s tax return for 2021."

The excerpt is from Q C3. Click here to see the full page.

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S

Scarter17Author

ok. even though they received a payment for a dependent?

O