One thing that hasn’t changed is the definition of oneif 16 years old or younger. This time, however, the account authorizes payments of $ 600 per child as part of the household total. Nothing but – money for dependent children is linked to a parent’s allowance. But if you owe or receive child support, how does that affect your potential direct payment? And can two divorced or divorced parents both claim the $ 600 allowance, just like with the first check?
Here’s everything you need to knowand child support, such as For you on either side of that financial equation. Try our of your total, and here’s what you need to know . This story was recently updated with new information.
The second stimulus check is accompanied by a huge change in child benefit arrears
Unlike the, making it legal for states For arrears of more than $ 150, new rules state that parents can keep their full second incentive checks, even if they owe child support. In fact, it prohibits the seizure of incentive checks for most types of debt, including from private creditors and banks.
It also means that if you owe child support, you will not receive any money from your child’s other parent on the next direct payment.
Another reason why the change is so important
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.
Can both parents each get a check for $ 600 per child with joint custody?
There was a loophole in the first incentive check that benefited both parents with the $ 500 per child if they filed their taxes in some way. The second stimulus check is based on your tax return in 2019. It’s not entirely clear if the same rules apply, but here’s how it played out in the first check.
Usually – but not always – the non-custodial parent pays child support to the caring parent, who probably will. However, sometimes child support is due even when the parents share custody (for example, when one parent earns significantly more than the other). In many of those cases – but again, not all – parents alternately ask the child to pay their taxes (one in odd years, the other in even years, for example).
In such situations, dependent incentive payments may be sent to one parent, but not to both parents. If that happens, the parent who has not received the money canand receive it along with any refund due in 2021, according to Janet Holtzblatt, a senior fellow at the Urban-Brookings Tax Policy Center. In this case, “double dipping” is not a malfunction. If the interpretation of the rules does not change, both parents could technically qualify for the $ 600 payment, for a total payout of $ 1,200 per child.
For more information on stimulus control, here’s howand here’s what we know about one now .