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Economic impact payment

Level 1

Can a person that was claimed as a dependent in 2019, and, in 2020 this person is filing independently; claim the $1,200 of the 1st economic impact payment that was not received when the person was a dependent?

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5 Replies 5
Level 15
Level 15

2020 is the eligible year.  If they no longer qualify as a dependent in 2020 and they didnt get the advances during 2020, then they're entitled to it on the 2020 tax return.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15

They can even claim the second payment for another $600.

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 15

Not Claimed and Not Qualified, are not the same.

Perhaps it would help to review what is really happening:

The funds were paid out as Advanced payment against a projection. The projection used 2018 or 2019 tax returns. But 2020 is the Actuals. You use the 2020 return to reconcile what a person is entitled to, against what they got.

If the person is not a dependent in 2020, then they would be entitled to the payment/credit as individual filers. That doesn't mean "not being claimed." It means "no longer qualifies as a dependent."

You might want to bookmark these links and read the IRS guidance.

Interactive wizards portal for determining dependency:

https://www.irs.gov/help/ita

And:

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-a-eip-eligibility

https://www.irs.gov/coronavirus/second-eip-faqs#Eligibility

One for each EIP.

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"Level Up" is a gaming function, not a real life function.
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Level 10

@qbteachmt  what's your count for this post ?     Nearly the same as the National Debt number ?

Level 15

"what's your count for this post ?"

What I finally learned how to do is use the Macro function. Intuit provided a couple of them to us, to give us standardized and acceptable language so that we avoid snark if a person is here as a QB user or a TurboTax user. I realized I could document recurring research info and just click the "insert my macro" function for replies. So, really, I stopped counting...

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"Level Up" is a gaming function, not a real life function.