Jtax LLC
Level 3
02-11-2022
01:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I just want to make sure I am doing this correctly. If a taxpayer did not claim a dependent in 2020 but then claims a dependent in 2021, they get the Child Tax Credit and the $1,400 Stimulus, correct? And it doesn't matter which kid it was, they just calculate it by the number of dependents, correct? I am seeing some large refunds for people who flip flop dependents because of divorce or not being married to the other parent.
Labels
Level 11
02-11-2022
01:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
correct
qbteachmt
Level 15
02-11-2022
01:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Well...
"And it doesn't matter which kid it was"
If two unmarried people swap claiming their two kids every year, you still need to put the right name and SSN on the tax form, and they still only get credits for quantity 1 each.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers