I claimed my daughter as a dependent in 2019 while she was at college. She didn't receive a $1,200 stimulus check in 2020 because of this. She is now filing her taxes for 2020 and is trying to figure out how to claim the $1,200 stimulus check (she was not my dependent in 2020). She earned $10k so she owes no taxes. It is my understanding that she should still be able to claim and receive the $1200 for the stimulus. Is this correct? If so, how does she do that?
Thanks,
Corn
Daughter did not receive $1200 stimulus check last year or this year
Daughter did not receive $1200 stimulus check last year or this year
Don't do something, just stand there!
Re: Daughter did not receive $1200 stimulus check last year or this year
In her tax return she will need to file for the recovery rebate credit
https://www.irs.gov/newsroom/recovery-rebate-credit
And TurboTax fully incorporates that form
https://blog.turbotax.intuit.com/tax-de ... 48681/amp/
https://www.irs.gov/newsroom/recovery-rebate-credit
And TurboTax fully incorporates that form
https://blog.turbotax.intuit.com/tax-de ... 48681/amp/
Re: Daughter did not receive $1200 stimulus check last year or this year
If she could not be claimed as your dependent (whether you claim her or not), she should get the Recovery Rebate Credit on line 30 of Form 1040.
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Re: Daughter did not receive $1200 stimulus check last year or this year
My D is in the same boat. I just checked Freetaxusa and they have it in their software, including the $600.
Re: Daughter did not receive $1200 stimulus check last year or this year
Thanks to your link, we discovered that that part of TurboTax online is not available until 1/28. So we should be good to go.Hebell wrote: ↑Tue Jan 12, 2021 5:04 pm In her tax return she will need to file for the recovery rebate credit
https://www.irs.gov/newsroom/recovery-rebate-credit
And TurboTax fully incorporates that form
https://blog.turbotax.intuit.com/tax-de ... 48681/amp/
Don't do something, just stand there!
Re: Daughter did not receive $1200 stimulus check last year or this year
Your daughter is entitled to obtain payment for EIP 1 ($1,200) and EIP 2 ($600) that gets reconciled when she submits her income tax return for tax year 2020 which includes a total of $1,800 in RRC paid to her.
IRS decoder ring:
EIP Economic Impact Payment
RRC Recovery Rebate Credit
Yours is one of a number of situations where a change in some status (e.g., a dependent who is no longer dependent, a child is born in 2020, one's income suddenly drops in 2020) from 2019 to 2020 enabling payment of a credit which one may not have expected.
IRS decoder ring:
EIP Economic Impact Payment
RRC Recovery Rebate Credit
Yours is one of a number of situations where a change in some status (e.g., a dependent who is no longer dependent, a child is born in 2020, one's income suddenly drops in 2020) from 2019 to 2020 enabling payment of a credit which one may not have expected.