Education

Q. When filing my taxes, it asked me if I received $1200 for the first round of stimulus. I didn't receive any money directly from the IRS until the second payment. Should I say yes or no?

A. Answer no.  The Emergency Financial Aid for College Students* is separate from the stimulus payments that most taxpayers got. 

 

Under the CARES Act, if you are claimed, or qualify to be claimed, as a dependent on someone else’s 2019 return you cannot receive a stimulus check, in 2020.   If you qualified as a dependent for 2019, but will not be for 2020, you will most likely get it in 2021, when you file a 2020 tax return.

Note that the requirement is not just whether you are actually claimed as a dependent, it's whether you qualify to be claimed as a dependent. 

 

 

*https://www.nerdwallet.com/article/loans/student-loans/emergency-food-housing-college  

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