ddaly
Level 1
03-25-2021
03:21 PM
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MFJ couple has $200,000 AGI for 2020. This would I think make them ineligible for a stimulus check. They also have an adult college student under age 24 whom they could claim as a dependent. If they claim him as a dependent, do they get a $500 child credit? But if they don't claim him as a dependent, and the student files his own tax return, will the student qualify for a $1,400 stimulus check? Is there any downside to taking the no dependent/student files own tax return route? BTW, parents file California tax return.