Skip to main content
February 9, 2021
Question

I got the right stimulus amount both rounds, but because I'm claiming my daughter this year its saying I didn't receive the right amount why?

  • February 9, 2021
  • 1 reply
  • 0 views
No text available

1 reply

CatinaT1
February 9, 2021

The payments were an advance credit for 2020.  2019 information was used in sending out the payments since 2020 tax returns had not been filed at the point the stimulus payments were sent out.  They are being reconciled when you do your 2020 return. 

 

 

According to the IRS, parents who are not married and alternate claiming of a child dependent, "The parent who claimed their child on their 2019 return may have received an additional Economic Impact Payment for their qualifying child. When the parent who did not receive an additional payment files their 2020 tax return next year, they may be able to claim up to an additional $500 per-child amount on that return if they qualify to claim the child as their qualifying child for 2020."

 

This only references the one stimulus payment but would apply to both.

 

This is referenced in the last paragraph under Claimed dependents are not eligible for an additional $500 payment in this article:  Why the economic impact payment amount could be different than anticipated

 

This will all be done by claiming the Rebate Recovery Credit on your 2020 return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"