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Depending upon whether they meet the qualification criteria some college students could potentially be looking at up to 1 800 in relief money in 2020 when you factor in both the first stimulus.
Stimulus check 2 qualification. A particular proposal suggested that any individual eligible to lay federal taxation claim both under 16 and above can be termed as a dependent. The second stimulus checks would be phased out entirely for single people earning over 87 000 or married couples earning more than 174 000 compared with the cares act s phaseout for single. To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples.
According to the cares act any citizen below the age of 16 is considered to be a dependent and eligible for the additional aid under the stimulus check 2. Who s eligible for payments and what the new covid relief bill means for your money nation world. According to cnbc here are the qualification guidelines for who would get a second check.
With the second stimulus check each eligible adult will get up to 600 decreasing as income raises more on this above and each child dependent age 16 and younger can also qualify for a.
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