x
Breaking News
More () »

Why you're not getting $500 for your kid in your stimulus payment

Yes, you claim your adult kid on your tax return, but the legislation for the stimulus payment only orders bonus payments for kids 17 years old and younger.

GREENSBORO, N.C. — Where is my money for my kids? It’s a common question. While you can claim your child as a dependent on your tax return, that doesn’t mean your child is part of stimulus money.

Congress wrote the rules for the stimulus payments, not the IRS. And in the rules, there are certain kids who qualify. The sticking point is age. The stimulus money and the $500 for each child, is for kids under the age of 17 years old.

RELATED: What is IRS Treas 310? It's your stimulus payment in your bank account!

And that means the parents miss out on getting the $500 for each kid, and the college-aged student can’t get the stimulus money themselves because they are considered a dependent.

Here is the IRS FAQ about who is eligible.

Credit: IRS

RELATED: YES! Social Security and disability recipients will get stimulus checks

Also, while Social Security Disability beneficiaries do get stimulus money, if your child gets Disability, they are not qualified as they are claimed by you as a dependent.

Before You Leave, Check This Out