Stimulus For Dependents Under 18
This prevents many high school juniors and seniors from receiving any stimulus money.
Stimulus for dependents under 18. Older children over the age of 24 no longer qualify as dependents. Parents or guardians with qualifying incomes will be able to collect an additional 600 for their dependent so long as this dependent was 16 years old or younger on their parent s 2019 tax filing. The cares act passed in march gave households 500 per qualifying child in.
The tax code defines a child as not attained age 17 the stimulus bill relies on this definition and many other pieces of the existing tax code. The same is true for the second round under the 900 billion law. Stimulus payments will decrease by 5 for every 100 in income over those thresholds phasing out completely for individuals earning over 87 000 and couples earning 174 000.
Will my dependent age 17 24 qualify for a stimulus payment. Although dependents under the age of 18 received 100 more than they did in the previous round one thing hasn t changed. The first stimulus payment sent out under the march cares act allocated up to 1 200 for qualifying american adults and 500 for the dependents listed on their 2019 tax returns so long as they.
15 million adult dependents could get stimulus checks. Child dependents for stimulus checks and taxes aren t always the same thing. Here s how it works.
If your dependent is 17 or 18 or a full time student through age 24 they do not qualify for the 500 stimulus payment. And while the relief. Adult dependents aren t eligible for the 600 stimulus check.
But that left out a lot of dependents according to advocates. College students between the ages of 18 and 24 will still not receive a stimulus payment because they can be claimed as dependents on their parents income taxes. Only dependent children under 17 years old are eligible for the additional 600 stimulus payment to the taxpayer claiming them on.