cinmon428
Level 7
09-17-2020
10:01 AM
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Wondering about the answer to these hypothetical client questions:
In 2019 I was a dependent and in college full time. My parents claimed me and they got $500 for me as part of the stimulus. But in 2020 I was independent and I plan to file my own taxes. Will I be able to claim my $1200 as part of the first stimulus on my 2020 taxes? And oh, I forgot. Will my parents have to pay back the $500 they got for me for the first stimulus if I get $1200 for it on my 2020 taxes?
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