Ask an Accountant

Question
I did not receive my Pandemic Relief Money ($1200) and it was because I was claimed as a dependent on 2018 taxes. in 2019, I filed individually. Can I deduct $1200 from my 2020 tax debt?
- Anonymous
Answer
You'll be able to claim the Recovery Rebate Credit on your 2020 Form 1040, so long as you are not a dependent of another taxpayer for 2020 and are a U.S. citizen or resident alien in 2020. This credit will act like any other tax credit, reducing the amount of tax you owe and if it results in an overpayment, you'll receive a refund.

Melissa Pedigo

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

Followup question?
Ask away.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Got a different question? Ask our accountants.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Discover the tax write-offs you've been missing

Keeper Tax automatically finds tax deductions among your purchases. On average, people discover write-offs worth $1,249 in 90 seconds.

Download Keeper Tax→