At least 2 stimulus check qualifications might change with the next payment. Here’s how


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Once the negotiations for a new economic relief bill yield a second stimulus payment, the check may be for a different amount than in the first round — and the eligibility rules may change such that people could get a larger check for themselves and their dependents.

Parameters such as tax status, age and yearly income are expected to be considered to determine the eligibility rules for a second stimulus check (as was the case with the first stimulus payment). Below, we detail the last round’s requirements and see how the next one could compare –no matter when the next stimulus check arrives.

For further reading, check out how Americans say they’ll use the second checks and how the IRS determines your stimulus payment. We update this story frequently.

 New proposed rules might favor some families above others

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Three separate proposals have changed the language concerning your dependents and how much money you could see in a final check if you claim them on your taxes. Two of these earlier proposals would add $500 for each dependent, regardless of the person’s age.

The White House’s Oct. 9 offer seeks to largely keep the definition of a dependent restricted to “children” as defined in the bill, but it raises the value to $1,000, which would still net many families more money. The first stimulus check added $500 per each child under 17 years old, but unless your dependents fell into a different category, children 17 and older and adult dependents, like a parent, were passed over.

The first proposal would benefit families with older dependents, while the second benefits younger families. We’ll show you how to calculate your estimated total here…Read more>>

Source:-cnet

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