Eligible for Stimulus #3??

[Yardley CPA]

20 year old, full time student.  Was taken as a dependent on the 2019 parents return.  Parent's are phased out of any educational credits.  

Does it make sense to allow student to file on their own for 2020?  They did have just under $5,000 in wages from a summer intern.  Would filing on their own make them eligible for the stimulus?

Would appreciate any thoughts on the matter.  Thank you. 

[Margaret CPA in OH]

i just went through a like situation and looked at the dependency criteria.  The first question is whether the taxpayer (student) could be claimed on someone else's  return.  Then I looked at support.  The student in my case still lives with parents and parents actually paid for all education having exhausted 529 plan as well as insurance, etc.  Although the student earned about the same as your student, there was no way he was providing over half his own support.  So I decided no. 

In my opinion if the student had scholarships or grants or student loans plus job, yes, probably provided in some way more than 50% of support but not in my case.  Your mileage may vary, as they say.

[Lion EA]

If he CAN be someone else's dependent, then he IS a dependent. The only thing he'd get is the non-refundable part of the AOC, if his parents don't claim him. No EIP3. No RRC. No EIC.