The-Tax-Lady
Level 9
03-10-2022
02:50 PM
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The EIP is a money "free for all". It's all based on the 2021 tax filing and lots of taxpayers are eligible for the 3rd one, even if it was paid to a parent in 2020.
Presuming the taxpayer is 24 or older, they are entitled to the AOTC education credit, if it has been claimed for less than 4 yrs by the parents.