divorced parents alternating 'dependency' and the 2021 economic stimulus payment

Forum|Forum|4 years ago
February 13, 2022
2 replies
8 views

Confused on this issue- divorced parents alternating 'dependency' and the 2021 economic stimulus payment -- can parent taking child as a dependent on 2021 form 1040 receive the stimulus payment of $1400 , even though the other parent took him as a dependent on 2020 return and received the stimulus $1400 payment in March 2021 ??

Thank for un-confusing me !!

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GodFather

Intuit Community Champion

I have not run across this issue and I'm not 100% sure, but I think the IRS uses the 2020 return to determine which parent is eligible to receive the stimulus and future credits. This is based on an article I found in Forbes but I would defer to someone else who knows for certain:

https://www.forbes.com/sites/heatherlocus/2021/03/31/how-divorced-families-can-maximize-their-relief-from-the-new-stimulus-package/?sh=5897eac95ac1

B

BudmeisterAuthor

Level 3

Thank you- but does anyone know of any IRS instructions or guidance on this issue.?

Appreciate all your thoughts

T

Terry53029

Intuit Community Champion

Just put what your client received on the letter from IRS, or if no letter have client open account on IRS.GOV, and check what the irs sent him/her. Don't worry about about who claimed who or when.

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