Among those will be adults with special needs and even some seniors.
Why? any adult who is claimed as a dependant on another person's tax return to include adults with special needs
The Coronavirus Aid, Relief, and Economic Security (CARES) Act (signed by President Donald Trump) included one-time payments of up to $1,200 to millions of eligible individuals, based on their income.
While the law provides an additional $500 per child to parents of minor children, adults who are claimed as dependents are not eligible for either the up to $1,200 relief payment or the $500 for minor dependents. This is true even if the senior or individual with a disability receives Social Security or works.
Many caregivers claim their parents or adult children with disabilities as dependents in order to get a tax credit. The IRS allows taxpayers who support a relative to claim a $500 tax credit for any non-minor dependents.
However, when Congress wrote the CARES legislation, it decided that if seniors and individuals with disabilities are claimed as dependents, they are not eligible for the coronavirus relief payments.
Currently, AARP is urging Congress to address the issue in the next economic recovery package. “A lot of times when people think about caregiving or dependent care, they initially think children and don’t always extend that same kind of thinking to older dependents in the household,” David Certner, legislative policy counsel for the AARP, states “We think that’s a mistake because it’s just as important to be able to provide for the caregivers of those dependents as well.”
Many other people are not eligible as well, adult students claimed on parent's tax return, individuals or married couples with income too high, etc.
Who else is not eligible? Click here to read more.