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The stimulus checks are beginning to be processed and should start going out to Americans in the next couple of weeks. I’ve written about the requirements for these and how to expedite getting your payment so if you want to find out those details click here. But there are a lot of Americans who will not be eligible for these checks and I will go through some of those circumstances below.
If you are 17 years or older, such as many college students, and are claimed by your parents as a dependent, you will not be eligible for the stimulus check and your parents will not get the $500 additional bonus either.
This is a major bummer to me because there are a lot of college students currently at home and due to circumstances may not be able to get a job. Their parents may be paying for their room and board and unable to receive support for that.
Babies born in 2020
If you had a baby born in 2020, you will not receive an additional bonus for that child since the determination is based on your 2018 or 2019 taxes.
Again, this is a tough one because parents with newborns are in vulnerable positions and I’m sure many could use support for essential needs for their newborns.
Disabled people whose parents support them
Individuals who receive disability benefits from the Social Security Administration or Veteran Affairs are eligible for payments but not disabled adults were claimed as dependents by their parents or other relatives for tax purposes.
Seniors living with their kids
Senior citizens on Social Security are eligible for the stimulus check but if they are considered a dependent because they live with their adult children or other relatives they will not be eligible for a check.
High earners who lost their jobs
If you received income above the income threshold but lost your job this year or receive a pay cut that put you below, you will not be eligible for a check but you should be able to receive a credit on your taxes next year.
Parents with split custody of kids
Some parents who split custody with their children take turns each year claiming them on their taxes and so some parents may not have an additional bonus for their kids depending on the year.
People who owe back child support
Unlike other funds that will not be garnished such as overdue student loans, back child support will be garnished if it is owed and those folks will not receive a stimulus check.
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Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.