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March 8, 2022
Question

Looking for clarity on 2021 Recovery Rebate eligibility

  • March 8, 2022
  • 1 reply
  • 0 views

2021 is the first year I'm filing on my own, previously I've been a dependent on my parents taxes. 

My parents have received all three of the stimulus payments.

Turbotax is asking me what I received, which technically is zero. Is this the correct way to file?

I made less than $75,000 so when I file this way it is giving me the $1400 I just want to make sure this is correct before submitting. I think it's correct based on what I've read but still not 100%.

 

Will my parents have to repay what they received ?

    1 reply

    DoninGA
    Employee
    March 8, 2022

    Yes, you are eligible for the Recovery Rebate Credit since you have never received the 3rd stimulus payment, so you should enter 0 where asked.

    No, your parents do not have to repay the stimulus payment they received when they claimed you as a dependent.