Can a client who claims a dependent every other year also receive additional stimulus for that child if they are claiming the dependent this year?

I have a client who claims the dependent that does not live with them. I assume the custodial parent received the additional stimulus also.

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Best answer by qbteachmt

"who claims the dependent that does not live with them."

"Claims" in 2020 is what matters.

"I assume the custodial parent received the additional stimulus also."

Not claiming in 2020 is what matters. Custody is not the same as claiming the dependent.

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.

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.

Level 15

Same question asked/answered in the top five or six threads showing on the board right now.

HumanKind... Be Both

Level 15

That’s really odd. The question hasn’t been asked at all this year and suddenly a bunch of folks asked now. Boy, that’s a little spooky. 👻

Slava Ukraini!

Level 15

HumanKind... Be Both

Level 15

"who claims the dependent that does not live with them."

"Claims" in 2020 is what matters.

"I assume the custodial parent received the additional stimulus also."

Not claiming in 2020 is what matters. Custody is not the same as claiming the dependent.

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.

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 2

Thank you very much! This is very helpful.

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