rbynaker
Level 13
01-22-2021
08:25 PM
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@gk wrote:Please see below from AICPA
- A taxpayer may be able to increase the overall amount of recovery rebate credits received between the taxpayer and an individual claimed as a dependent in 2018 or 2019 by not claiming the individual as a dependent in 2020.
Your quote is from the Executive Summary which is incorrect and does not reflect what's actually written in the article. When the article refers to this situation it uses this language:
"If children over 17 cannot be claimed as dependents in 2020, they are eligible for the $1,200 credit."
and
"it will overall be more beneficial for a family if children over age 17 cannot be claimed as a dependent in 2020."
and
"A child who is a student that cannot be claimed as a dependent"
Whether someone can be claimed as a dependent is not a matter of choice, it is a matter of fact. You have to go through all of the criteria to find out. Often this comes down to the support test.
