Stimulus Update Money For Dependents

600 for each child up from 500 in the.

Stimulus update money for dependents. That s a 600 maximum for each adult down from 1 200 per person in the first stimulus check with another 600 per child dependent up from 500. The first stimulus payment sent out in 2020 included 500 for dependents aged 16 and younger. The 900 billion second stimulus package passed at the end of december includes 600 payments for adults and 600 more for dependents.

Both stimulus payments are subject to income requirements that kick in above 75 000 in adjusted gross income for individuals 112 500 for heads of household and 150 000 for married couples filing jointly. There was no limit to the number of children who could count as dependents as long as they were 16 or. Child dependents who are 17 years old the 900 billion stimulus package directs 600 to each child in a family as long as they are considered qualifying children under the irs tax code for the.

Aside from the smaller stimulus checks for adults the other major change under the bill passed by congress is the amount provided for dependent children. And you re still owed a stimulus check. This excludes roughly 13 5 million adult dependents from.

One thing that didn t change is the formula the. 600 stimulus check 600 per child age 16 or under 1 400 stimulus check 600 for dependents of any age 2 000 stimulus check 600 per child age 16 or under.