![]() ![]() Then, calculate the amount of the credit using tax software, such as TurboTax, or the 2020 tax forms. ![]() Check the eligibility criteria to see if you qualify. Were no longer claimed as a dependent in 2020: If you weren't claimed as a dependent in 2020, you might be eligible for the tax credit.Had a child in 2020: A child born before the end of 2020 would increase your potential tax credit amount as long as they're a qualifying child.Check to see if your new combined income and the higher AGI limit for the married filing jointly status could qualify you for a tax credit on your tax return. The tax credit will be based on your new filing status for 2020. Got married in 2020: If both spouses were previously eligible, you're still eligible.Other eligible taxpayers may include those who: On the other hand, nonresident aliens, estates, and trusts don't qualify for the credit.Īfter meeting the qualification requirements above, the taxpayer's adjusted gross income (AGI) must fall within the limits to receive the credit based on their situation. In some rare cases, a married couple filing a joint return may qualify for a full credit even if only one spouse has a valid Social Security number. This includes someone who was born or died in 2020. Did not receive the full amount of the credit through an Economic Impact Payment.Must have a Social Security number that is valid for employment before the 2020 tax return due date.Cannot have been a dependent of another taxpayer in 2020.In order to qualify for any of the credit on your 2020 tax return, you: If you are attempting to claim part or all of the credit on your 2020 tax return, the credit will be based on your 2020 tax information. This could have been from your 2019 tax return or your 2018 tax return if you had not already filed a 2019 return by the time the money was issued. Qualifying for the initial advance payments was based on the information that the government had at the time of distributing the payments. Who is eligible for the 2020 Recovery Rebate Credit? The good news is, if you received too much of the credit, you are not required to pay it back even if you file a 2020 tax return. You must file a 2020 tax return to claim any credit that you have not already received, even if you otherwise are not required to file a 2020 tax return. ![]() If you did not receive the credit or not enough of the credit through the stimulus payments, the only way to claim the proper amount is on your 2020 tax return.
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