The rules changed with a second review, but what about a third?

Angela Lang / CNET

The second stimulus test is passed, and a The third payment can be made in advance. In that space there is much to know, including the current situation with stimulus money that may or may not be must not be garnished if a party owes child support. There’s also a loophole in the law that could help, and one that could hurt you – and some possible changes to it dependent status For a third stimulus testif it has been approved as part of a COVID-19 package as next month.

If you are one of the parents who didn’t receive the money, you might have to wait until you file taxes before receiving one Catch-up payment. Read on for the full explanation.

One thing that hasn’t changed in that Admission rules for the second stimulus test is the definition of a dependent on children than 16 years of age or younger (this can change with the next stimulus check). However, the December bill approved payments of $ 600 for each child as part of the total budget, $ 100 more than last March. How would you and your child’s other parents get paid for the same child, and what if you didn’t get as much as you think you should? We’ll 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 parents who are not married and share joint custody of their children actually received two payments for the same child in the first round of stimulus testing if they took those children alternately on their taxes every two years.

If one parent claimed a child in even years and the other claimed in odd years, both could have received checks for the same child. This is because the IRS examined two different tax years – 2018 and 2019 – to determine eligibility for the first audit.

On the second stimulus review, the IRS only reviewed the 2019 tax returns. However, this does not mean that the double immersion completely closed the gap. If you are a parent in a joint custody scenario like the one above, and you typically have a dependent child in irregular tax years, you may be able to receive a double child-related payment of $ 600 Tax credit on filing and claim the child on your 2019 tax return, much like you would if you didn’t get a second stimulus check even though you are entitled to one.

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Stimulus Check # 3: What You Need To Know

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The second stimulus check specifically deals with overdue child support, but the IRS may still be able to reroute your payment

In contrast to the CARES Actwhat made it legal for states garnish the first stimulus check For those who owed more than $ 150 in arrears, a rule for the second check is that parents can keep the entire payment even if they owe child support. In fact, the latest bill bans the seizure of stimulus payments that the IRS sent out by Jan. 15 on most types of debt, including from private creditors and banks.

However, if you have not yet received full or partial payment from the IRS and you intend to do so Claim it when filing your taxes This year, the IRS can reroute that payment to cover overdue child child support payments, unpaid student loans, and other federal and state liabilities. The IRS said it is aware of the loophole and is “looking into this issue”.

For this reason too, switching to attachment is a big deal

If the first stimulus tests were garnished In order to provide overdue child support payments, spelling mistakes sometimes also used stimulus money allocated to a (new) spouse who was not the other parent of the child. Stopping all seizures of stimulus-check funds means these individuals will not have to reclaim their full second stimulus-check funds from the IRS. So they will have to claim garnished money incorrectly from their first payment.

How a change in dependent status might affect the next stimulus payment

The third stimulus check could do Relatives of all ages count towards the family total. We don’t know if that number will be another $ 500 or $ 600 per dependent, or some other amount. However, we do know that for the subset of families with children who are 17 years old (or 18 years old but live at home and still in high school, depending on your local regulations), a move to admit loved ones families of all ages who qualify can benefit. including those in child support scenarios.

How other skill changes may affect your stimulus exam

Ultimately, your situation could change between the second and the first check, including your eligibility. There is talk of doing that next stimulus payment “targeted” with the end result of Overall, fewer people qualify. It is possible that if you get a second review and the rules change, you won’t do this qualify for a new stimulus check. We will update this story with new information as the situation develops.

For more Stimulus check detailsFind out how to do it Calculate your second stimulus check sum and here’s what we now know about a third stimulus test for up to $ 1,400 per person.