Advice: Tax Question
Answered by:
Why did he not get the Stimulus based on the 2019 filing? Make too much money? Can the Child file a return for 2020 and claim their own dependency, thus getting the stimulus? You mention ACTC for 2019, so the child was 16 in 2019? It would be helpful to have more info.
1 Reply
MaryMargaret Maule
from Exemplar Accounting & Tax Advisors
The "stimulus" is an advance on a tax credit as is the Advance Child tax credit. If he can not claim the child- why would you think he is eligible for either?
If he is personally eligible for the "Stimulus" - he would be abe to use the rebate recovery on the 2020 tax return.
Bob Bering
from Bering CPA Firm LLC
There are many questions to be answered yet and some of what you posted is not accurate