Stimulus Check Dependent Income Limit
Read more about who you can claim as a dependent here.
Stimulus check dependent income limit. However they wouldn t get the full amount. On december 28 2020 the house similarly removed the age requirement for adult dependents in the cash act increasing stimulus payments up to 2 000 and changing the definition of eligible dependents from qualifying children within the meaning of section 24 c to dependents as defined in section 152. Under the cares act the 1 200 payments for individuals phased out at an income of 99 000 and the 2 400 payments for couples phased out at a combined income of 198 000.
A family of four with qualifying income would receive a check for 8 000. The checks will amount to 600 for each qualifying adult and child half the amount of the 1 200 checks sent out earlier this year. The 600 per person payments are part of the stimulus bill.
People earning up to 87 000 and couples earning up to 174 000 would get a stimulus check. 1 400 stimulus check 600 for dependents of any age 2 000 stimulus check 600 per child age 16 or under. So for example if you re a single tax filer with no qualified child dependents and your adjusted gross income or agi on your 2019 tax return is between 75 000 and 95 000 you would have.
All dependents age 16 and younger with a valid social security number will qualify for 500. This excludes roughly 13 5 million adult dependents from. 2 000 for each dependent example.
Simply because it lowered the income limit as a result of math. The first stimulus payment sent out in 2020 included 500 for dependents aged 16 and younger. Taxpayers will get 600 for each dependent but only those.
There is no limit to the number of dependents who can qualify for the additional 500 in one household. As with the first stimulus check children age 17 and above and dependent adults won t be eligible for the 600 dependent payout.