With the ongoing COVID-19 outbreak, taxes may not be at the top of your mind. Even if they are, you may not want to travel outside your house for tax preparation help. Here’s what you need to know to file your taxes in 2020.
One eligibility requirement to get a stimulus check is that you cannot be claimed as a dependent on someone else’s tax return. If you haven’t received your stimulus check because you were wrongly claimed as a dependent on a 2019 tax return, you will have to wait until 2021 to file a 2020 tax return to get your stimulus check. (It is referred to as the Recovery Rebate Credit on the tax return.) You will need to file a tax return to get your stimulus payment even if you aren’t required to file taxes.
Currently, the IRS does not have a process in place to resolve this issue. If you are eligible for a stimulus check and the IRS issued your payment to your spouse, the approach may differ depending on your specific situation, including whether the stimulus check was based upon a 2018 or 2019 federal tax return. This is a complex matter that should be discussed with a tax professional.
By law, stimulus checks can be reduced if someone owes child support. However, as the married spouse of someone who owes child support, you will still get your portion of the stimulus check. Unfortunately, in some cases, people do not receive their stimulus payment because the entire stimulus check goes to their spouse’s child support debt.