Eligibility for Minors
The third stimulus check package includes provisions for dependents, including minors. Whether a minor qualifies for a payment depends on the following factors:
- Age
- Relationship to the taxpayer
- Tax filing status
Generally, minors under the age of 17 who meet the other eligibility requirements will receive a payment of $1,400.
Relationship to the Taxpayer
To be eligible, minors must be claimed as dependents on the taxpayer’s tax return. This means that the minor must meet the following criteria:
- The minor must be the taxpayer’s child, stepchild, foster child, or other qualifying relative.
- The minor must have lived with the taxpayer for at least half of the year.
- The minor must not have provided more than half of their own support during the year.
Tax Filing Status
The minor’s tax filing status is also a factor in determining eligibility. Minors who are claimed as dependents on their parents’ tax return must use the same filing status as their parents. This means that most minors will be considered to have the “qualifying child” filing status.
Table of Eligibility Requirements
The following table summarizes the eligibility requirements for minors to receive the third stimulus check:
| Requirement | Description |
|---|---|
| Age | Must be under 17 years of age |
| Relationship to the Taxpayer | Must be claimed as a dependent on the taxpayer’s tax return |
| Tax Filing Status | Must use the same filing status as the taxpayer |
What to Do If You Did Not Receive Payment
If you believe your child should have received a third stimulus payment but has not, there are a few steps you can take:
- Check your child’s eligibility. To qualify for the third stimulus payment, your child must meet certain requirements, including:
- Being claimed as a dependent on your 2020 tax return
- Having a Social Security number
- Meeting the income requirements
- Contact the IRS. You can call the IRS at 1-800-829-1040 to inquire about your child’s payment status.
- Track your payment. You can track the status of your child’s payment by visiting the IRS website.
If you have taken these steps and still have not received your child’s payment, you may need to file a tax return for your child to claim the payment.
| Age | Payment Amount |
|---|---|
| Under 17 | $1,400 |
| 17 and older | $0 |
How Minors and Dependents Get the Third Stimulus Check
Qualifying minors and dependents can receive the third stimulus payment through their parents or guardians. Here’s how:
- Parents or Guardians File Joint Tax Return: If the child or dependent is claimed on a jointly filed tax return, they will automatically receive payment through their parents or guardians.
- Parents or Guardians File Separately: If the child or dependent is claimed by only one parent, the parent who claims the dependent will receive the payment. They may need to forward the payment to the child’s guardian.
- Child or Dependent Not Claimed on 2020 Tax Return: If the child or dependent was not claimed on the 2020 tax return, they may still be eligible for payment. Parents or guardians can claim the dependent on their 2021 tax return and receive the stimulus payment as a tax credit.
Income Thresholds
The income thresholds for minors and dependents to receive the third stimulus payment are based on the taxpayer’s modified adjusted gross income (MAGI). The payment is reduced by $5 per $1,000 over the threshold.
| Tax Filing Status | Income Threshold |
|---|---|
| Single | $80,000 |
| Married Filing Jointly | $160,000 |
| Head of Household | $120,000 |
Impact on Families
The American Rescue Plan Act of 2021, signed into law on March 11th, 2021, included a third round of stimulus checks for eligible Americans. This time, the checks were slightly more generous than the previous rounds, with individuals receiving up to $1,400 and couples receiving up to $2,800. Dependents, including minors, were also eligible for a $1,400 check.
The third stimulus check will have a significant impact on families across the country. The money can be used to cover a variety of expenses, including food, housing, and childcare. It can also be used to save for the future or to pay down debt.
- Families with children will benefit from the third stimulus check in a number of ways.
- The money can be used to cover the costs of food, clothing, and other essential items.
- It can also be used to pay for childcare or other expenses that allow parents to work.
- In addition, the money can be saved or invested for the child’s future.
The third stimulus check is a significant financial boost for families with children. It will help to ensure that families have the resources they need to meet their basic needs and to plan for the future.
| Income Level | Amount of Stimulus Check |
|---|---|
| Single filers with incomes up to $75,000 | $1,400 |
| Married couples filing jointly with incomes up to $150,000 | $2,800 |
| Dependents, including minors | $1,400 |
And that’s it, folks! I hope you found this article helpful in understanding the potential for minors to receive a third stimulus check. If you have questions or want to stay updated on the latest news regarding the third stimulus check, follow our website. Thanks for reading, and I’ll catch you next time!