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02-22-2021, 09:39 PM | #2 |
Supporter
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File your taxes. It will calculate what you're (and the kid) is supposed to receive and you enter what you got and you get a refundable tax credit for the difference (if there is one).
FWIW, I think you stop getting dependent credit at 17. Not sure about the stimulus. I THINK if he's listed as your dependent you should have got it. With that kind of money, it's probably worth your time to go talk to a tax preparer and get it right. |
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02-22-2021, 09:43 PM | #3 |
The Constitutional Choo choo
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Two $1200.00 and one $600.00 stimulus,is what they've handed us peasants to date?
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02-22-2021, 09:44 PM | #4 |
The Maintenance Guy
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02-22-2021, 09:46 PM | #5 |
The Constitutional Choo choo
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IIRC? Everyone got a 1200.00 check plus 500 more if you had a kid.
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02-22-2021, 09:54 PM | #6 |
The Maintenance Guy
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02-22-2021, 10:03 PM | #7 |
The Constitutional Choo choo
Join Date: Dec 2009
Location: homeof43conferencetitles
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1200.00 the first round
And 600.00 this last round. Cant remember if we had a round inbetween?
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02-22-2021, 10:07 PM | #8 | |
The Maintenance Guy
Join Date: Sep 2005
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Quote:
It's my understanding that the stimulus was based on 2019 tax returns, did she have a job in 2019 and file a return? And if she did, did she receive a refund? And if so, was the refund direct deposited into a bank account? |
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02-22-2021, 10:20 PM | #9 |
Debunking your bullshit
Join Date: Aug 2002
Location: KC area
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When did she turn 19?
For you to claim as dependent, she must be 18 or younger on the last day of the tax year. You can still claim as a dependent until age 23 if a full-time student. |
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02-22-2021, 10:28 PM | #10 |
Hello
Join Date: Nov 2008
Location: South Dakota
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VARSITY
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I can tell everyone is getting older. A thread like this pops up and everyone gives actual sound financial advice instead of saying “worthless without pics of daughter”.
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02-22-2021, 10:38 PM | #11 | |
Everything is Awesome!!!!!
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Quote:
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Originally Posted by Big Smoke May as well laugh. Otherwise I will probably break shit. |
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02-22-2021, 10:56 PM | #12 | |
The Constitutional Choo choo
Join Date: Dec 2009
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Quote:
She has been working since she was 16. Her tax returns have come via the mail
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02-23-2021, 12:24 AM | #13 | ||
Reset
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Quote:
Quote:
FYI the $1,200.00 you got last year is an advanced tax credit towards 2020 tax year. The $600.00 was the stimulus check. |
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02-23-2021, 01:21 AM | #14 |
Veteran
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Pretty sure they both were advanced tax credits, and both would be considered stimulus checks. They are just handled as advanced tax credits so they have no income tax liability.
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