{"id":772,"date":"2020-08-03T13:17:04","date_gmt":"2020-08-03T13:17:04","guid":{"rendered":"https:\/\/www.stremon.com\/?p=772"},"modified":"2020-08-03T13:17:04","modified_gmt":"2020-08-03T13:17:04","slug":"will-college-students-get-stimulus-checks","status":"publish","type":"post","link":"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/","title":{"rendered":"Will College Students Get Stimulus Checks?"},"content":{"rendered":"<p>Will college students get second stimulus checks?<\/p><div class=\"uxjpx64ec6c6eb8b2d\" ><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-8209967072221559\"\n     data-ad-slot=\"2673331731\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.uxjpx64ec6c6eb8b2d {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.uxjpx64ec6c6eb8b2d {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.uxjpx64ec6c6eb8b2d {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.uxjpx64ec6c6eb8b2d {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.uxjpx64ec6c6eb8b2d {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p>Here\u2019s what you need to know \u2014 and how it can affect you.<\/p>\n<p><strong>$1,200 Second stimulus checks<\/strong><\/p>\n<p>Senate Majority Leader Mitch McConnell (R-KY), joined by several Senate Republicans, released on the Senate Floor yesterday their proposal for the new stimulus package. As expected, Senate Republicans\u00a0propose a\u00a0<em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/zackfriedman\/2020\/07\/27\/second-stimulus-checks-cares-2\/\">one-time, $1,200 stimulus check<\/em>. Under the Republican plan, which is called the Heals Act, the eligibility criteria to receive a second stimulus check, or Economic Impact Payment, is largely the same as the first stimulus check \u2014 with one important difference. To recap:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_eligible_for_a_second_stimulus_check_How_much_is_the_second_stimulus_check\"><\/span>Who is eligible for a second stimulus check? How much is the second stimulus check?<span class=\"ez-toc-section-end\"><\/span><\/h3><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-64ec6c6eba73f\"><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-64ec6c6eba73f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Who_is_eligible_for_a_second_stimulus_check_How_much_is_the_second_stimulus_check\" title=\"Who is eligible for a second stimulus check? How much is the second stimulus check?\">Who is eligible for a second stimulus check? How much is the second stimulus check?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Black_Is_King_Trending_Worldwide_Shows_The_Power_Of_Beyonce_Supremacy_And_Fanaticism\" title=\"Black Is King Trending Worldwide Shows The Power Of Beyonc\u00e9 Supremacy And Fanaticism\">Black Is King Trending Worldwide Shows The Power Of Beyonc\u00e9 Supremacy And Fanaticism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Verlas_Has_Created_The_Best_Way_To_Shop_For_Luxury_Jewelry_At_Home\" title=\"Verlas Has Created The Best Way To Shop For Luxury Jewelry At Home\">Verlas Has Created The Best Way To Shop For Luxury Jewelry At Home<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Keep_Nespresso%E2%80%99s_Vision_Alive\" title=\"Keep Nespresso\u2019s Vision Alive\">Keep Nespresso\u2019s Vision Alive<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Will_college_students_get_stimulus_checks\" title=\"Will college students get stimulus checks?\">Will college students get stimulus checks?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#A_college_student_earns_income_and_can%E2%80%99t_be_claimed_as_a_dependent\" title=\"A college student earns income and can\u2019t be claimed as a dependent\">A college student earns income and can\u2019t be claimed as a dependent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#A_college_student_can_be_claimed_as_a_dependent\" title=\"A college student can be claimed as a dependent\">A college student can be claimed as a dependent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Will_high_school_students_receive_a_stimulus_check\" title=\"Will high school students receive a stimulus check?\">Will high school students receive a stimulus check?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.stremon.com\/will-college-students-get-stimulus-checks\/#Final_Thoughts\" title=\"Final Thoughts\">Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Based on the first stimulus check, the second stimulus would check would look like this:<\/p>\n<ul>\n<li>$1,200 for each individual;<\/li>\n<li>$2,400 for married\/joint filers;<\/li>\n<li>$500 for dependents<\/li>\n<li>If you earned less than $75,000 (individuals) or $150,000 (married\/joint filers), you would receive a $1,200 second stimulus check.<\/li>\n<li>The second stimulus check would be reduced by $5 for every $100 of adjusted gross income above those income limits until $99,000 of adjusted gross income for individuals and $198,000 for married\/joint filers.<\/li>\n<\/ul>\n<div class=\"recirc-unit recirc-unit-open\" data-gtm-vis-recent-on-screen-655684_1281=\"308451\" data-gtm-vis-first-on-screen-655684_1281=\"308451\" data-gtm-vis-total-visible-time-655684_1281=\"100\" data-gtm-vis-has-fired-655684_1281=\"1\">\n<div class=\"recirc-title\">Recommended For You<\/div>\n<ul class=\"recirc-story-list fuse-data-stories\">\n<li class=\"recirc-story\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Personalized SEO Recirc Unit: 4\"><span class=\"ez-toc-section\" id=\"Black_Is_King_Trending_Worldwide_Shows_The_Power_Of_Beyonce_Supremacy_And_Fanaticism\"><\/span>Black Is King Trending Worldwide Shows The Power Of Beyonc\u00e9 Supremacy And Fanaticism<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li class=\"recirc-story\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Personalized SEO Recirc Unit: 5\"><span class=\"ez-toc-section\" id=\"Verlas_Has_Created_The_Best_Way_To_Shop_For_Luxury_Jewelry_At_Home\"><\/span>Verlas Has Created The Best Way To Shop For Luxury Jewelry At Home<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li class=\"recirc-story\">\n<h3 class=\"recirc-headline\" data-ga-track=\"Personalized SEO Recirc Unit: 6\"><span class=\"ez-toc-section\" id=\"Keep_Nespresso%E2%80%99s_Vision_Alive\"><\/span>Keep Nespresso\u2019s Vision Alive<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Will_college_students_get_stimulus_checks\"><\/span>Will college students get stimulus checks?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The answer is:\u00a0<em>it depends<\/em>. There are two basic ways that college students could qualify for a second stimulus check. The answer depends on whether a college student can be claimed as a dependent on someone else\u2019s federal tax return, such as a parent, for example. Let\u2019s examine two basic examples:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_college_student_earns_income_and_can%E2%80%99t_be_claimed_as_a_dependent\"><\/span>A college student earns income and can\u2019t be claimed as a dependent<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For example, if a college student earned income in 2019 and filed a federal tax return, that college student may qualify for a stimulus check. Of course, the college student could not be claimed as a dependent on anyone else\u2019s tax return. The college student also would need to meet the other requirements under the proposed legislation. For example, a college student could receive up to $1,200 if the college student meets the income requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_college_student_can_be_claimed_as_a_dependent\"><\/span>A college student can be claimed as a dependent<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For example, if a college student can be claimed as a dependent on someone else\u2019s federal tax return, then the college student would not be eligible for a second stimulus check. That said, the person who claims the college student as a dependent could receive a dependent payment for that college student. Why? For the first stimulus check, the Cares Act \u2014 the $2.2 trillion stimulus package that Congress passed in March \u2014 permitted up to $500 for a dependent payment for dependents younger than age 17. In contrast, the Heals Act has no age limit, which means that dependent college students would qualify for a dependent payment under this proposal. Of course, this person claiming a college student as a dependent would need to meet the requirements of the proposed legislation to receive the dependent stimulus payment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_high_school_students_receive_a_stimulus_check\"><\/span>Will high school students receive a stimulus check?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>High school students also may qualify for dependent stimulus payments. The Cares Act did not provide dependent stimulus payments for high school students who were age 17 or 18, for example. However, under the Heals Act, like college students, high school students who are dependents claimed on a federal tax return can qualify.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>College students have been particularly impacted by Covid-19. Many have significant student loan debt, so it\u2019s important to understand\u00a0what the stimulus package means for your student loans. College classes at many colleges and universities have been shifted online, while college campuses have closed temporarily due to Covid-19. So, for many college students, it\u2019s important to understand whether they can get a stimulus check. The good news for those hoping for second stimulus checks is that Republicans and Democrats largely agree \u2014 through their respective proposed legislation, the Heroes Act and the Heals Act, that there should be a second stimulus check and that a second stimulus check should be up to $1,200. However, Democrats wants second stimulus check payments of $1,200 for each dependent, whereas Republicans want $500 per dependent. Some Democrats also want\u00a0$2,000 a month second stimulus checks, which Senators Kamala Harris (D-CA), Edward Markey (D-MA) and Bernie Sanders (I-VT) proposed in Senate legislation. However, Democrats likely will compromise on a one-time stimulus check, rather than monthly stimulus checks.<\/p>\n<p>With all the excitement surrounding a second stimulus check, it\u2019s important to remember that the\u00a0<em>Heals Act is a proposal and not legislation<\/em>. This means a second stimulus check has not been approved and may not be approved. There is also no guarantee that there will not be an age cap for dependent payments in the final stimulus bill. There is also no guarantee that Congress will pass a final stimulus bill. There is certainly an expectation that Congress will pass a fifth stimulus bill, but proposals and dollar amounts can change.<\/p><div class=\"mytrq64ec6c6eb8b69\" ><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-8209967072221559\"\n     data-ad-slot=\"2673331731\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.mytrq64ec6c6eb8b69 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.mytrq64ec6c6eb8b69 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.mytrq64ec6c6eb8b69 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.mytrq64ec6c6eb8b69 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.mytrq64ec6c6eb8b69 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p>Source:<a href=\"https:\/\/www.forbes.com\/sites\/zackfriedman\/2020\/07\/28\/second-stimulus-checks-college-students\/#282dd91030af\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0forbes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will college students get second stimulus checks? Here\u2019s what you need to know \u2014 and how it can affect you&#8230;.<\/p>\n","protected":false},"author":5,"featured_media":773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[3272,3257,3259,3260,3247,3254,3258,3265,3269,3246,3267,3253,3244,3255,3274,3250,3268,3273,3271,3264,3248,3249,3270,3252,3245,3251,3276,3256,3277,3266,3243,3241,3262,3263,3261,3242,3278,3275],"_links":{"self":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/772"}],"collection":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/comments?post=772"}],"version-history":[{"count":1,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/772\/revisions"}],"predecessor-version":[{"id":774,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/772\/revisions\/774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/media\/773"}],"wp:attachment":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/media?parent=772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/categories?post=772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/tags?post=772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}