You can use the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR to claim a catch-up payment. The IRS will provide a Recovery Rebate Credit Worksheet to help you determine if you are missing a payment.

Can only one parent claim a child for the stimulus check?

A child can only be claimed as a dependent by one taxpayer for a tax year. Typically, the child counts as the dependent of the custodial parent — the parent who the child lived with for a longer period of time during the year, even if financial support came from the other parent.

Can I still get stimulus check if I was claimed as a dependent?

So it is still possible to get a stimulus check if you were claimed as a dependent in 2019. Even you may file a tax return for the year 2020, then the IRS will get information on your 2020 tax return. But you get a third stimulus check and then your 2020 tax return is being filed and processed now.

Can a client not claim their son as a dependent?

(My client made too much in 2018 and 2019 and did not receive a stimulus check in Apr 2020.) If the son clearly qualifies as a dependent on my client’s return, can my client just decide to not claim him as a dependent thereby enabling his son to claim the $1,200 stimulus tax credit? Seems like this will be a very common scenario for 2020.

How to claim the 2020 stimulus tax credit?

During this upcoming tax season, I’m anticipating a scenario where my client decides he doesn’t want to claim his 18 year old son as a dependent because the son is working (earns $4,800 in 2020). By not claiming him as a dependent, the son can claim a $1,200 stimulus tax credit on his own 2020 tax return.

How old do you have to be to get a stimulus check?

This is the third round of stimulus checks issued by the IRS based on parents or guardians claiming dependent in their tax returns in 2019 and 2020. So this can be a light of hope again for the low-income family who has dependent ages from 17 to 24 years old.