If you are one of the parents who did not receive the money, you may have to waitbefore using any . Keep reading for the full explanation.
One thing that didn’t change in theis the definition of a if 16 or younger (this may change with ). However, December’s bill allowed payments of $ 600 for each child as part of the household total, $ 100 more than in March. So how would you and your child’s other parent both get money for the same child, and what if you didn’t get as much as you should? We will explain. This story has been updated with new information.
Can both parents get a check for $ 600 per child if they have joint custody?
Many unmarried parents who share joint custody of their children actually received two payments for the same child during the first round of incentive checks, if they alternately claim taxes from those children every two years.
Basically, if one parent claimed a child in even years and the other in odd years, both could have gotten checks for the same child. That’s because the IRS looked at two different tax years – 2018 and 2019 – to determine if he was eligible for the initial check.
For the second stimulus check, the IRS only looked at the 2019 tax returns, but that doesn’t mean that the double loophole has been completely closed. If you are a parent in a joint custody scenario like the one above and you typically claim a dependent child in odd tax years, then you may be able to get a $ 600 double child dependent payment as aand claim the child on your 2019 tax return, similar to what you would if you didn’t receive a second stimulus check, although you do qualify for it.
The second stimulus check specifically addresses child support backlog, but the IRS may still be able to redirect your payment
Unlike the, making it legal for states For people who owed more than $ 150 in arrears, a rule for the second check specifies that parents can keep their full payment even if they owe child support. In fact, the latest bill prohibits the seizure of stimulus payments that the IRS sent on Jan. 15 for most types of debt, including from private creditors and banks.
However, if you have not yet received (part of) a payment from the IRS and are planning to do sothis year, the IRS may divert that payment to cover child support arrears, unpaid student loans, and other federal and state debts. The IRS said it is aware of the loophole and is “investigating this issue.”
The change in seizure is also a major problem for this reason
When theTo pay back child support, clerical errors were sometimes also used to spend incentive money on a (new) spouse who was not the other parent of the child. Stopping all seizures of money for stimulus checks means that these individuals do not have to reclaim their entire second money for stimulus checks from the IRS. Here’s how they will from their first payment.
How a change in the dependent state could affect the next stimulus payment
The third stimulus check could becount towards the family total. We don’t know if that amount will be another $ 500 or $ 600 per dependent, or some other amount. But we do know that for the subgroup of families with children who are 17 (or 18, but living at home and still in high school, depending on your local rules), a move to accept dependents of all ages could be beneficial for eligible families, including those in child support scenarios.
How other qualification changes can affect your stimulus control
Ultimately, between the second and the first check, your situation may change, including your eligibility. There is talk of making thewith the end result . It’s possible that if you get a second check and the rules change, you don’t . We will continue to update this story with new information as the situation develops.
For more, here’s how and here’s what we know about one now for maximum .