College students could collect $1,800 in stimulus payments

 

Source: Michelle Singletary, Washington Post ( Paid Registration )

A new tax season means many college students or young adults not yet covering all their own expenses could get a total of $1,800 in stimulus relief.

Under the Coronavirus Aid, Relief, and Economic Security Act, or the Cares Act, individuals can qualify for up to $1,200 in stimulus relief ($2,400 for couples filing jointly). A second stimulus payment, signed into law by President Trump on Dec. 27, provides for an additional $600 ($1,200 for couples).

The catch for college students? They can't be claimed as dependents by anyone else (including their parents) in upcoming filings for the 2020 tax year.

Read Full Article: College students could collect $1,800 in stimulus payments

Tags/Keywords

 

Search

Quick Menu

Facebook FTwitter T
 

Consumer Help Desk

Advocacy