The Treasury Department announced Monday that they expect most Americans who are eligible for stimulus checks under the CARES Act to receive payment by the end of April. Several categories of people, however, will not be getting payments.
Anyone claimed by someone else as a dependent
Any person listed as a dependent on someone else's taxes is not eligible for their own stimulus check. This includes both children and disabled or elderly adults whose own children may be claiming them as dependents. While the CARES Act allows parents to collect $500 for each child, that only applies to children 16 years old or younger. That means that dependents who are 17 or older do not qualify for this even if they are still in school, and if they do not file their own taxes they cannot get their own check.The CARES Act notes that non-resident aliens are not eligible for checks. Those with green cards as well as H-1B or H-2A work visas can collect stimulus checks.
This means the payment is less the higher their earnings are, with it being reduced to zero for individuals who make $99,000 or more and couples who make $198,000 or more. For heads of household, the extent to which their payment decreases depends on how many children they have. The Treasury Department said that tens of millions of people will get their payments via direct deposit by April 15. Those who did not provide banking information with their 2018 or 2019 tax filings will either receive checks that will be mailed out before the end of April, or they can use an IRS online application that will be launching to allow people to provide information for direct deposit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus stimulus check scams, fraud, identity theft warning: Safety tips from IRS as millions await paymentSome Americans eligible for the scheme have begun to see the one-off payments arrive in their accounts, while millions more are waiting for the delivery of paper checks.
Read more »
Chime is rolling out $200 stimulus check advances to 100,000 customers - Business InsiderChime has expanded and modified a pilot program that gives 100,000 customers an advanced $200 on their coronavirus stimulus checks.
Read more »
Treasury says first coronavirus stimulus checks have gone out and many will get payments by April 15The IRS has begun delivering stimulus checks of up to $1,200 under a new federal law aimed at reviving the economy amid the coronavirus devastation.
Read more »
Will you have to pay back the coronavirus stimulus check? Plus 6 other stimulus myths debunkedCNBC Make It is clarifying seven myths about the coronavirus stimulus checks, from whether or not they are taxed to how long it will take for them to hit your bank account.
Read more »
L.A. voters lack confidence in Trump's coronavirus performance, give Newsom, Garcetti high marks, poll findsCoronavirus: L.A. voters lack confidence in Trump's coronavirus performance, give Newsom, Garcetti high marks
Read more »