Only one parent can claim a child as a dependent on their tax return.
Here’s how it works.that would be taken on your 2021 tax return.— or 2019 returns if the 2020 one wasn’t processed yet — it’s very possible the wrong parent got the benefit. So if a parent claimed a child in 2020, and that’s the tax return the IRS based the payouts on, that parent probably would have gotten the advance child tax credit and stimulus payments, even though the other parent would be claiming the child for 2021.
Parents who wrongly received the benefits had the option to unenroll from receiving monthly payments by using the Child Tax Credit Update Portal at“People who did not unenroll and received monthly payments during 2021 for a child they won’t claim on their 2021 tax return could have to repay those payments when they file,” the IRS said.
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