After months of negotiations, lawmakers of both parties agreed on another stimulus package that includes direct payments for $600, but an increase demanded by President Donald 2000 was discussed by Congress and could still happen after the 117th Congress is sworn in. Who’s considered a qualifying child to receive the $600 payment per dependent?
A direct payment of $600 per individual (or $2400 per couple filing jointly) and $600 per qualyfying child is being sent to any U.S. citizen or U.S. resident alien, who isn’t a dependent of another taxpayer on a 2019 tax return, has a social security number (SSN) valid for employment, and who’s adjusted gross income (AGI) does not exceed:
• $150,000 if married and filing a joint return or if filing as a qualifying widow or widower;
• $112,500 if filing as head of household; or
• $75,000 for eligible individuals using any other filing status
Though for months some lawmakers pushed to include elderly and disabled adults, children who are 17 years old, and college students who are reported by their parents as dependents to receive the payment, these changes were not included in the new legislation and, once again, only minors are eligible. Who’s considered a qualifying child?
According to the IRS website, a qualifying child must have either:
• An SSN that’s valid for employment and assigned to them before the due date of your 2019 return
• An ATIN.
An ITIN won’t be accepted for a qualifying child.
Remenber that for a qualifying child to be considered eligible, if the qualifying child is claimed by spouses filing a joint return, at least one spouse must have an SSN that’s valid for employment, and if the child is claimed by an individual, the taxpayer filing the return must have an SSN that’s valid for employment
A qualifying child is a child who meets the following conditions:
• Relationship to the individual who’s eligible for the payment: The child is your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, grandchild, niece, or nephew).
• Child's age: The child was under age 17 on December 31, 2019.
• Dependent of the individual who's eligible for the payment: The child was claimed as your dependent on your 2019 tax return or in the Non-Filers: Enter Payment Info Here tool.
• Child's citizenship: The child’s a U.S. citizen, U.S. national, or U.S. resident alien.
• Child's residency: The child lived with you for more than half of 2019.
• Support for child: The child didn’t provide over half of their own support for 2019.
• Child's tax return: The child doesn’t file a joint return for the year (or files it only to claim a refund of withheld income tax or estimated tax paid).
The payment will include $600 for each qualifying child listed on your 2019 tax return with a valid SSN or ATIN, this means that children who became 17 during 2020 may be aligible to receive the money.