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In same situation. Any luck finding answers?
I think I get what the first person is asking. Will this be based on if a child is a qualifying child or a dependent child?
my question is, everything says based on 2018 taxes. My ex moved June of 2018, divorce final January of 2019. We filed 2018 taxes together and 2019 taxes as single. How is it even ok to base on 2018 taxes when our situation has changed so greatly and we have both filed 2019 taxes as such? Will there be an option to get the check based on 2019 data?
Idk hoe it is in your state but I live in Florida and it doesn’t matter if the child father pays child support or not YOU CAN STILL FILE YOUR CHILD ON YOUR INCOME TAXES. If he doesn’t see your kids I sure hope the father of the kids you can’t claim doesn’t file them. If he hasn’t filed them I would amend my return for each year I didn’t claim a dependent. But that’s just my opinion.
this is a good tool from the Washington Post to determine how the stimulus checks will work.
it's based on the bill the Senate passed last night and is subject to the House vote and the president's signature.
note it's based on your 2018 (or 2019) tax filing and the number of 'qualifying children" claimed on THAT return. A 'qualifying child' is under the age of 17.
my question is based on a qualifying child, i have 2 kids now 17 and 20, both had birthdays already in 2020. so 1. so will my 17 YO get the 500 because she was 16 in 2019. but turned 17 in march 2020. i did recieve the child tax credit for her.
2. My 20yo son works full time and is a full time college student. i did not get the child tax credit for him, but my tax form says(Credit for other dependents) under his name on my tax form, i dont think having him on there helped me at all. will he get ($ 500 , 1200, or 0)
if you have filed 2019, appears they will use that income tax submission to determine payments (otherwise they will use 2018)
since your younger child was under 17 on Dec 31, 2019, you would receive $500 for that child
only 'qualifying children' (i.e. those under 17 with a social security #) are eligible for the $500. So children over 16, other relatives, etc. would NOT be eligible for the $500.
The $500 is subject to your income. There is a phase out once your income hits $150,000 (or $75,000 single). So let's say your joint income is $170,000 and you have a qualifying child. You'd think you'd receive $2900 ($1200 per adult and $500 per child). But the payment is reduced by 5% for every dollar over $150,000. So 5% of $20,000 is $1000, so the payment would be $1900.
and all that assumes the House doesn't try to change anything before they vote.
My ex claimed 1 child in 2018 but makes too much money to get a stimulus check. What happens with this child? And IRS does not know who has sole custody. And the info on sharing a child on taxes is wrong. A child can only be on one tax return. For anything. The IRS would not process a return if the child is already on return. For any reason.
see my example above. There is a 5% phase out for HOH beginning at $112,500. So if the parent plus the child should get $1700, then for each dollar beyond $112,500, the $1700 is reduced by a nickel.
for example is the income is $120,000. then the payment is reduced to $1325
I file HOH. Less than $65,000. My ex files single over $120000. He will get nothing. But last year he claimed one child because the court makes me give him a 8332 for one each year. So he had 1 child for the child tax credit. I claimed 1. I have sole custody. They live with me. Also have a 18 year old that lives with me. Does he get $1200 too? He does file taxes. What happens to the lost child on the 8332 my ex filed with his taxes?
assume they are going to use your 2019 filing if that is available. otherwise, they use 2018.
the $500 credit will only go to you for children under the age of 17 that were on your tax return.
for the 18 year old, if he filed his own taxes and was not a dependent on yours, he gets the $1200 as well.
if he was a dependent on YOUR tax return and filed his own return (doesn't appear to be your case, but wanted to state it in any event), he does not get the $1200 and you don't get the $500
Thank you. Really not right there is $500 missing for 1 child when my ex make so much!!
For more information, Coronavirus Tax Relief | Internal Revenue Service. We are all still sifting through the information.
I have the exact same question, except mine were in foster care and were returned home December of 2019... The foster parents got to claim them in 2019 so does that mean they'll get the payment even though my children are now home with me?? If our checks are wrong who do we contact to get it corrected?
while the House has not passed the bill yet, the way the bill reads is that there is a $500 check sent for each 'qualified child' who are those that are under 17 years old. it's based on the 2019 tax return (or 2018 if you have yet to file 2019)
'wrong' would be defined by what the law says, not what an individual may think.
the law also calls for a letter to be sent to you explaining how much you are to receive / have received. I'd wait until that letter comes to decide your next steps. I can't imagine that letter comes any earlier than 2-6 weeks from now; that is just my guess.
What if me and my kids dad claim every other year who gets the stimulus check both or one. I did 2018 he did2019 but we both care for them. How does it work
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