$2 Trillion US Stimulus Package: Who Gets It and Who Don’t
The United States' $2 trillion stimulus package was passed last month. It includes payments of a maximum of $1,200 for almost everyone who meets specific criteria. This means that not everyone will be receiving assistance. The perceived reason for this coincidence is the urgency to give funds to Americans. There was not enough time for everyone to fine-tune the bill to meet all contingency.
Also, Congress ensured that the money is granted to those who need it, says an article.
Here are some of the conditions relating to the US$2 trillion stimulus package:
College Students and Minors
If an adult claims a college student or a minor as a dependent on their taxes, the student will not be eligible to request from the stimulus package of the government.
The parents will be getting an extra $500 for every child under the age of 17.
Citizens who receive the Social Security Administration or Veterans Affairs benefits are eligible for the payments. However, a disabled adult who is claimed as a dependent by parents or relatives for tax purposes is exempted from the benefits.
Seniors Who Live With their Children
Senior Citizens who are on Social Security and those who earn less than the income cap are eligible to receive the grant. However, the 'dependent' rule also applies to senior citizens. It means that senior citizens who lived with their children and were claimed as dependents for tax purposes will not receive the checks.
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Citizenship in the United States is not a requirement to acquire eligibility for the stimulus package. However, only those with valid Social Security numbers are eligible to receive the payment.
This emphasizes that immigrants with green cards and with H-1B and H-2A visas will receive the payment while nonresident aliens, illegal immigrants, and temporary workers will not be entitled to the help.
Babies Born This Year
The $500 payment per child, such as the individual payments, is based on the taxes for 2019. This means that those whose children were born in 2020 will not get money for them. Instead, the $500 credits applicable to them can be used for the filing of their 2020 taxes next year.
Some jointly file their 2019 taxes with their spouse but are not anymore married to that spouse.
For couples who jointly filed their taxes in 2019 will receive a single payment of a maximum amount of $2,400. This is regardless of the status of the married couple since there is no existing system to inform the IRS about divorce.
Debt on Child Support
The stimulus package postpones other debts that generally result in the garnishment of tax refunds, such as back taxes and overdue student loans. This excludes child support. The coronavirus grant can still be garnished if you are past your due date for those payments.
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