Here’s why some college students may not get coronavirus stimulus checks
Coronavirus stimulus checks are being doled out, but some college students may never get one.
That’s because millions are ineligible to receive payments up to $1,200, Vox and other news outlets report.
When filing taxes, parents can claim their children and teenagers as dependents if they are up to 19 years old. Dependents who are still students can be as old as 24, according to the IRS.
But economic impact payments, designed to help offset the financial blow of the COVID-19 pandemic, don’t apply to all dependents.
Parents get $500 stimulus checks only for dependents younger than age 17, according to the IRS.
That leaves out a portion of high school or college students, news outlets reports, meaning those older students aren’t getting their own checks and their parents aren’t getting $500 payments either.
For some young adults, there still could be financial hope.
Those who make their own money and meet income and identification requirements can get stimulus checks, according to Forbes magazine and the U.S. government.
This story was originally published April 16, 2020 at 9:52 AM with the headline "Here’s why some college students may not get coronavirus stimulus checks."
