Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Third Stimulus and alternate dependents
Third Stimulus and alternate dependents
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
athaureaux6
Level 8
01-03-2022
04:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi online community, I wonder if anybody knows about the 3rd stimulus check and alternate dependency. Specifically, I read that the IRS was trying to eliminate the double dipping of previous stimulus. I read the person who claimed the dependent in the 2020 tax return but does not qualify to have the dependent in 2021 may have to return the payment. Does anybody know if there is something in the recovery worksheet to address this problem? I tried increasing the amount of the recovery amount but it does not do anything. Thanks
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
TaxGuyBill
Level 15
01-03-2022
07:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The law directed the IRS to try to make rules about this sort of double-dipping.
As of now, the IRS has not done so and the Instructions say nothing about it. So unless/until that changes, as of now it looks like double-dipping is allowed.
