how old do you have to be to get the first stimulus check?
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With the first round, for each child aged 16 or younger in the family, parents received payment of $500. That excluded children over 16 and adults that were claimed as dependents. With the current proposals, the cutoff wouldn't be 16 years or younger to qualify for a check.
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In other words, you must be 65 or older by January 1st of the rebate year to be eligible. If you do not qualify by age, you may apply if you are a disabled citizen and have an Illinois Disabled Person's Identification Card.
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The stimulus payments are $1,200 for single people who earn less than $75,000, while married couples who earn less than $150,000 will receive $2,400. Children under 17 are eligible to get $500.
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To qualify for this benefit program, you must meet all of the following requirements: Be at least age 65 OR be blind or disabled. Have limited income and resources. Be a citizen or a national of the U.S. or an alien who meets certain applicable requirements.
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Your economic impact payment is effectively an advance on a 2020 tax credit, so you should receive a stimulus payment of up to $1,200, but it won't arrive until next year, unfortunately. Some 130 million checks have already been sent out, and millions more people are awaiting their checks.
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You First Received Supplemental Security Income (SSI) Before January 1, 2020: Tax Return + No Dependents: If you filed a 2018 or 2019 tax return and have no dependents, then you may have already received your stimulus check through direct deposit if you received a tax refund electronically.
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You will not get a stimulus check. If you are over age 16, the person who claimed you will not get a child benefit for you. Your family member will get a tax break. They will pay less taxes for claiming a dependent.
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En español | The earliest you can apply is four months before the month you want your benefits to start, and the earliest your benefits can start is your first full month as a 62-year-old. For example, if you turn 62 in June, your benefits can begin in July, and you can apply as early as March.
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If you filed a tax return for 2018 or 2019, or if you registered as a non-filer on IRS.gov by May 5, 2020, you'll receive this added amount in your automatic stimulus check. If you missed this deadline, you can get this added amount when you file your tax return for 2020.
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You have to be at least 18 years old to gain employment.
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You might have made too much money last years to be eligible for a stimulus check. Check who is eligible here. In April, the IRS estimated it could take up to five months to send every payment out and it is prioritizing the payment schedule by sending checks to those with lowest incomes first.
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The fastest and easiest way to get your stimulus check is to add in a bank account number when you apply. If you've been been turned down when you tried to open a bank account, you might try one of these second chance banks. If you don't have a bank account, you will be mailed a paper check.
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No one can claim you as a dependent or qualifying child on his or her tax return. You must be at least 25 but under 65 at the end of the year.
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Who's eligible for the stimulus checks? You're eligible if you're a U.S. citizen or resident alien with a valid Social Security number, if you can't be claimed as a dependent of another taxpayer, and if you have an adjusted gross income under certain limits.
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The stimulus check is an advance payment of a 2020 tax credit, so the IRS will take into account 2018 tax returns, if file before Dec. 31, 2020. If you have not filed your 2018 return, it's not too late to file now. You may, however, face a late-payment fee.
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To qualify, a child must have been under age 17 (i.e., 16 years old or younger) at the end of the tax year for which you claim the credit.
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En español | The earliest you can start collecting retirement benefits is age 62. You can apply once you reach 61 years and 9 months of age. However, Social Security reduces your payment if you start collecting before your full retirement age, or FRA. ... (You can apply later than 70, but it doesn't change your benefit.)