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March 18, 2022
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Why get Recovery rebate credit in 2021 if full time student with no paid job in 2019 and 2020

  • March 18, 2022
  • 1 reply
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Turbo tax is saying my son gets a Recovery rebate credit because he did not receive any stimulus payments. He did not receive them because he graduated college in 2020 and had been doing unpaid internships until he got his first paid job in 2021. Should he be given this tax credit? If not, how do I fix it to where he doesn't receive it in Turbo Tax. 

    Best answer by DoninGA

    If he is not being claimed as a dependent, then he is eligible for the Recovery Rebate Credit of $1,400 on his 2021 tax return.  The credit is based on his 2021 tax return. 

     

     

    1 reply

    DoninGA
    DoninGAAnswer
    Employee
    March 18, 2022

    If he is not being claimed as a dependent, then he is eligible for the Recovery Rebate Credit of $1,400 on his 2021 tax return.  The credit is based on his 2021 tax return. 

     

     

    March 18, 2022

    He is not being claimed as a dependent in 2021, but he was in 2020. Does that make a difference?

    DoninGA
    Employee
    March 18, 2022

    No, that does not make a difference.