- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
the definition of a 'qualifying child' for the corona-virus rebates is under the age of 17. These is the group that are eligible for the $500 to be paid to their parents.
@jaredtx2020 - where specifically did you see that on the IRS website?
here is the text from the CARES act:
‘‘(2) an amount equal to the product of $500 multiplied by the number of qualifying children
(within the meaning of section 24(c)) of the taxpayer.
and section 24(c) of the tax code reads:
(c)Qualifying child For purposes of this section—
(1)In general The term “qualifying child” means a qualifying child of the taxpayer (as defined in section 152(c)) who has not attained age 17.
March 28, 2020
2:18 PM