{"id":223660,"date":"2021-04-10T05:03:16","date_gmt":"2021-04-10T02:03:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/i-received-two-1400-stimulus-payments-because-i-was-also-claimed-as-a-dependent-should-i-give-one-back\/"},"modified":"2021-04-10T05:03:16","modified_gmt":"2021-04-10T02:03:16","slug":"i-received-two-1400-stimulus-payments-because-i-was-also-claimed-as-a-dependent-should-i-give-one-back","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/i-received-two-1400-stimulus-payments-because-i-was-also-claimed-as-a-dependent-should-i-give-one-back\/","title":{"rendered":"#\n  I received two $1,400 stimulus payments because I was also claimed as a dependent. Should I give one back?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bf6b162f01\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bf6b162f01\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/i-received-two-1400-stimulus-payments-because-i-was-also-claimed-as-a-dependent-should-i-give-one-back\/#The_Moneyist_%E2%80%98You_cannot_be_claimed_as_a_dependent_and_file_a_tax_return_yourself_and_expect_a_payment_Its_one_or_the_other\" >The Moneyist: \u2018You cannot be claimed as a dependent and file a tax return yourself and expect a payment. It\u2019s one or the other\u2019<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/i-received-two-1400-stimulus-payments-because-i-was-also-claimed-as-a-dependent-should-i-give-one-back\/#Quentin_Fottrell\" >Quentin Fottrell<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  I received two $1,400 stimulus payments because I was also claimed as a dependent. Should I give one back?<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_Moneyist_%E2%80%98You_cannot_be_claimed_as_a_dependent_and_file_a_tax_return_yourself_and_expect_a_payment_Its_one_or_the_other\"><\/span>\n  The Moneyist: \u2018You cannot be claimed as a dependent and file a tax return yourself and expect a payment. It\u2019s one or the other\u2019<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"E099B2F2-9878-11EB-8EF3-71B791D335E2\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <strong>Two questions about one too many stimulus checks:<\/strong><\/p>\n<p> <strong>Dear Quentin,<\/strong><\/p>\n<p>I\u2019m confused. My grandparents claimed me on their 2019 taxes as a dependent. They received the third stimulus check for me. When the third stimulus checks were released, my grandparents had not filed their 2020 taxes yet, so they received stimulus money for me as their dependent.<\/p>\n<div class=\"paywall\">\n       However, I filed my own 2020 taxes, and I am no longer their dependent. The Internal Revenue Service also sent me a third stimulus check. Who should notify the IRS about this overpayment, and how? I can\u2019t seem to find a scenario anywhere to cover this issue.<\/p>\n<p>Granddaughter<\/p>\n<p><strong>Dear Quentin,<\/strong><\/p>\n<p>I need clarification because from what I have read, we should receive a stimulus payment for our adult dependent. She is currently on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security, and we claim her as a dependent. We support her needs year-round, and she lives with us. <\/p>\n<p>She started receiving Social Security Disability Insurance in December 2020. We did not receive any stimulus money on payments in the first two rounds for her, but I know that was correct because the guidelines for the age of dependents has changed under the most recent round of payments.<\/p>\n<p>However, she also received $1,400 in her bank account where her SSI gets deposited. Should she have received a payment? Should we have? We haven\u2019t filed our 2020 tax return yet, and I do plan on claiming her as a dependent. <\/p>\n<p>I\u2019m thinking this is a duplicate payment and should be paid back to the IRS. I can\u2019t find any information on what to do, or if it\u2019s correct that the taxpayer and adult dependent will receive a stimulus check. So again, I\u2019m thinking the IRS paid her in error.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Mother<\/p>\n<p><em><strong>You can email The Moneyist with any financial and ethical questions related to coronavirus at qfottrell@marketwatch.com.<\/strong><\/em><\/p>\n<p><strong>Dear Granddaughter &amp; Mother,<\/strong><\/p>\n<p>The Moneyist column has received many letters on this issue. The $1,400 economic stimulus payment is not a loan. This third stimulus check is an advanced tax credit on your 2021 taxes, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.irs.gov\/newsroom\/irs-begins-delivering-third-round-of-economic-impact-payments-to-americans\" class=\"icon none\">calculated based on your 2020 taxes<\/a>. You both need to decide which check was sent in error.<\/p>\n<p>Mother, you should consult your daughter before claiming her as a dependent to ensure you are both on the same page. Granddaughter, you should alert your grandparents of your plans to file your own taxes, and in that case they should return the payment.<\/p>\n<p>You both received one check too many because those claiming the adult as a dependent had not filed their 2020 taxes, so the IRS used previous tax filings as a guide. You obviously cannot be claimed as a dependent and file a tax return yourself and expect a payment. It\u2019s one or the other.<\/p>\n<p>According to H&amp;R Block, you may receive a letter (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.irs.gov\/individuals\/understanding-your-cp87a-notice\" class=\"icon none\">CP87A<\/a>) from the IRS stating that your dependent was claimed on another return. \u201cIt will tell you that if you made a mistake, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.irs.gov\/filing\/wheres-my-amended-return\" class=\"icon none\">to file an amended return<\/a>, and if you didn\u2019t make a mistake, do nothing.\u201d<\/p>\n<p><strong>Want to read more?<\/strong><strong>Follow Quentin Fottrell on <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Quantanamo\" class=\"icon none\">Twitter<\/a><strong>and read more of his columns <\/strong>here.<\/p>\n<p>\u201cThe other person who claimed the dependent will get the same letter,\u201d H&amp;R Block adds. \u201cIf one of you doesn\u2019t file an amended return that removes the child-related benefits, then the IRS will audit you and\/or the other person to determine who can claim the dependent.\u201d<\/p>\n<p>You can return the money via check or money order with your Social Security number or taxpayer ID of the recipient, made payable to \u201cU.S. Treasury.\u201d Those who received a paper check and did not cash it can write \u201cvoid\u201d on the back of the check, and mail it back to the IRS. Read more <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.irs.gov\/newsroom\/economic-impact-payment-information-center-topic-i-returning-the-economic-impact-payment\" class=\"icon none\">here<\/a>.<\/p>\n<p>Individuals making less than $75,000 a year in adjusted gross income will receive $1,400. The payments decrease for individuals earning $75,000 and up \u2014 and they phase out completely for those making $80,000 or more and couples making $160,000 or more in adjusted gross income.<\/p>\n<p>The issuance of payments has not been a straight line. One man told me he was \u201cpunished\u201d by the government for being responsible because he filed his taxes early \u2014 and only received $200. Some taxpayers say they\u2019ve received stimulus checks for dead relatives.<\/p>\n<p><strong>The Moneyist: <\/strong>\u2018I cut his hair because he won\u2019t pay for a haircut\u2019: My multimillionaire husband is 90. I\u2019ve looked after him for 41 years, but he won\u2019t help my son<\/p>\n<p><em><strong>Hello there, MarketWatchers. Check out <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/groups\/moneyist\/\" class=\"icon none\">the Moneyist private Facebook<\/a><br \/>\n        FB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"negative\">-0.18%<\/bg-quote><br \/>\n      \u00a0group, where we look for answers to life\u2019s thorniest money issues. Readers write in to me with all sorts of dilemmas. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.<\/strong><\/em><\/p>\n<p><em><strong><\/strong><\/em><strong><em>By submitting your story to Dow Jones &amp; Company, the publisher of MarketWatch, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.<\/em><\/strong><\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetRelatedArticles\n            inline\n  article__inset\n          article__inset--type-InsetRelatedArticles\n            article__inset--inline\n  \"><\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetCommentingPromo\n              \n              inline\n  article__inset\n          article__inset--type-InsetCommentingPromo\n              article__inset--inline\n  \"><\/p><\/div>\n<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Quentin Fottrell\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Quentin_Fottrell\"><\/span>Quentin Fottrell<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7BE099B2F2-9878-11EB-8EF3-71B791D335E2%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# I received two $1,400 stimulus payments because I was also claimed as a dependent. Should I give one back? &#8221; The Moneyist: \u2018You cannot be claimed as a dependent and file a tax return yourself and expect a payment. It\u2019s one or the other\u2019 Two questions about one too many stimulus checks: Dear Quentin,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":82706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-223660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/223660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=223660"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/223660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/82706"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=223660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=223660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=223660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}