Stimulus Package For College Age

Therefore a university age student who is not claimed on a tax return as a dependent could be eligible for a stimulus check under the cares act and perhaps under the second covid relief package.

Stimulus package for college age. The first round of stimulus checks whichgave qualifying american adults a one time direct payment of 1 200 plus 500 for each child under the age of 17 was part of congress 2 2 trillion. The last relief bill passed back in march 2020 gave 1 200 to most adult americans but left out adult dependents meaning that many college students were ineligible for the financial help. As the pandemic shows no signs of slowing throughout the holiday season congress finally passed a new covid 19 stimulus package dec 21.

On the other hand the current stimulus bill is said to include dependents over the age of 16 when the second check arrives. Knowing the definition of a dependent for stimulus checks versus for taxes can help you forecast the amount of money to expect with a second stimulus check if the current proposal passes in its current form. Their dependent of another status disqualifies them from receiving payment.

As the pandemic shows no signs of slowing throughout the holiday season congress finally passed a new covid 19 stimulus package dec 21. Stimulus checks will be 1 200 per adult or 2 400 for married couples filing jointly and an additional 500 per child subject to income limits. If your child age 17 or older files his or her own taxes they will not receive a stimulus payment as long as you are claiming them as a dependent.

A lot of college students who are listed as adult dependents on their parents tax returns are wondering whether they will qualify for the second round of covid 19 stimulus checks the answer is no. However the bill states the 600 would be directed toward each dependent child under age 17 which means that adults who are nevertheless claimed as dependents such as college students and.