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for children, the law states the stimulus checks will reflect $500 for each QUALIFIED child
A qualified child is under the age of 17.
Children over the age of 16 will not qualify.
Further, if you are a dependent of someone else, you will not receive the $1200.
So your college age child (or senior in high school) who is still a student but files a tax return will not qualify for with the $1200 or the $500.
Your elderly parent who you support and is your dependent on your tax return won't receive the $1200 either.
that’s my question no one is primary both have same custody just tax filling one claims odd an one claims even we both support an raise them. who get the money.
the tax law provides that the IRS is to send you a letter confirming everything. so the answer to your question should be answered on that letter.
McPherson,
Please look at IRS.gov. It states that the qualifying must be under the age of 19 by Dec 31st or 24 if a fulltime college student.
I am wondering the same thing. My step son moved in with us in December.
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—
NCperson, I stand corrected. I was looking at the IRS code for qualifying child which is younger than 19yrs ...24 if your a fulltime student. But to be eligible for the Child Tax Credit then the age is 16 yrs or younger and that is what they are basing the additional 500 dollars per child. My apologies.
@jaredtx2020 I have ran into this same question from someone. I hope you are still in good terms with your ex wife, because when she filed that year and had custody than the stimulus check of the $500 each will go to her. You need to call child support agencies treasury about this since they have you on file for the custodial parent and they are working with the IRS with these checks which they should do something about it, if nothing is fixed you have to confront your ex wife about this ahead of time. She does not deserve to have that check.
My question is not referenced in any FAQ. In 2019 I filed single and signed a form 8332 for my ex husband to take the deduction for our children, that I have sole custody of. In 2018, I filed Head of Household with my children as my dependants.
I need to find out if I can get the stimulus for my children as well? Who should I call? It says the Guardian will receive the payment for the children, but since I did not claim them in my already filed 2019 tax return, how will they know that I am their guardian??
*My ex husband will not receive a stimulus payment at all, so I can't just have him forward their payments to me.
linda , are you talking to me?
You have no reason to and no nothing. The state is so messed up. I raise my kids went to court cause he all sudden wanted to see them they gave him the right cause he’s the father regardless the fact he’s a felony a drunk sells drugs. Just cause he’s the dad. Then they gave him the right to claim them every other year. An i still support them clothes food everything. I can care less if i get the money. My point is 2019 was his year. An i feel he should not get it cause he doesn’t support them. nor go often . Before all this the judge stop them going but he did file. I did go to court cause i care about there safety well being. An before you run your mouth don’t act like you are peaches and cream. Obviously you’re wondering the same if you are on this page.
It is unknown at this time.
Specific guidance has not been provided as far as how the stimulus checks will be sent out.
The IRS has a dedicated COVID-19 page that you can access by CLICKING HERE.
Here is a Turbotax page … COVID-19 TAX UPDATES.
Here is the SBTPG site … https://www.sbtpg.com/coronavirus-stimulus-payment-info/
These pages will continue to be updated with additional guidance as it is released.
I've come across more information on how these stimulus rebates will work. The link below is the best analysis I have come across and should help a number of those on this thread understand 'who claimed who' and how this appears it will settle out:
https://www.cbh.com/guide/alerts/cares-act-what-you-need-to-know/
(scroll down to "Recovery Rebates")
Basically, the stimulus payments are an advance against 2020 tax returns.
When we complete 2020 tax returns, we will each re-calculate the stimulus payments based on 2020 tax returns (income, qualifying children, etc).
Whatever that re-calculated number is LESS what you already received will be an additional credit on your tax return, which would increase your refund or reduce how much you owe. Let's say you didn't claim a child in 2019 but did in 2020 as an example that could create the credit
And here is the kicker, if that recalculated number is negative (meaning your stimulus payment was higher than you were really entitled to based on your 2020 tax return), YOU WILL NOT owe that money back. Let's say you claimed a child in 2019 who was 16 but in 2020 they were 17 as an example on how the recalculated number could be negative, (a 16 year old is a qualifying child for the $500 but the 17 year old is not eligible)
I have two kids by two different fathers. One lives with me full time. The other 50 50. I filed taxes in 2018 and claim them both. 2019 I did not do my taxes, I didn't work and I get Social security so Iet the father claim so at least they would get something but I have one kid full time who also gets social security sent to me sso will dad get the 500 cause he claim him this year and I didn't do taxes, so when the IRS looks at mine they will see the 2018. When I claim. Both. Now the 50 50 Child I feel like should be split.
there is no such thing as "splitting" when it comes to the IRS. Only one person can claim the child.
it's uncertain how this will work out given you filed in 2018 but the father filed in 2019. I have to believe the IRS will do some sort of social security match so that the same child isn't eligible for $500 on two different returns.
What makes it even more complicated - and this isn't widely reported yet - is that these rebates are really an ESTIMATE against your 2020 tax return to be filled out next year. So whatever is on your 2020 tax return (income, dependents, etc) is what the ACTUAL rebate is based on.
if that ACTUAL is more than the ESTIMATE, you will get additional credits on your tax return.
if that ACTUAL is less than the ESTIMATE, you don't have to return the money.
best advise is just sit back and see how it all works out - a lot remains fluid and unknown,
@Missbrooklyn
If the last tax return you filed was for Tax Year 2018 (normally filed in 2019), your stimulus check amount would be based on the information on that tax return.
Generally, amounts will be based on information from your most recent tax filings, either 2019 or 2018 if you hadn't yet filed this season.
If you don't need to file a tax return this year, but want to provide the IRS with your mailing address and direct deposit information so that you can receive the stimulus payment, please click the Register now button beneath the If you don't need to file your taxes this year banner on TurboTax's Everything to help you get your stimulus check as soon as possible page.
See any updates at TurboTax’s Your trusted resource for tax information updates during COVID-19 page, and the IRS’s Coronavirus Tax Relief page.
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