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.

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