Young people between the ages of 17 and 24 did not receive any money from the IRS. As you probably know, some young adults did not receive their stimulus checks. In fact, they didn’t receive any support money at all. But why did this happen?
The CARES Act, which included the delivery of stimulus checks, excluded people between the ages of 17 and 24 from receiving money. The CARES Act said that each dependent child must receive $500. The problem is that the definition of a child was based on a tax code that considered a person a child if he or she had not reached the age of 17, according to CNet.
This means that 17- and 18-year-old students, who clearly still live with their parents, did not receive the $500 they deserved to have as dependents.
This age limit was established in 1997, and was made to allow parents to receive a tax refund of up to $2,000 for each child under 17 each year they file their tax return.
Although it is not yet known exactly, there is speculation that the IRS has not extended this age to consider a person a ‘child’ because the government would have to give these tax refunds of up to $2,000 to more people.
Trump now says he does want a new $1,200 stimulus check
He claims that he is the “only one” who seeks to approve the aid. President Donald Trump says he is ready to sign the bill on the new stimulus package, a message that contradicts his order to suspend negotiations with Congress.
He claims he is the “only one” who wants $1,200 per person to be sent “immediately.
“I’m ready to sign right now,” the president said.
He then asks House Speaker Nancy Pelosi (California) and Senate Minority Leader Charles Schumer (New York) if they are “listening.
He also mentions his chief of staff, Mark Meadows, who is part of the negotiating team.
President Trump ordered Treasury Secretary Steven Mnuchin to stop the talks, accusing the Democrats of wanting to pass a $2.4 billion plan, even though the bill passed in the House is $2.2 billion.
The president has caused confusion about his change in decision in such a short time without any apparent reason.
Following the Republican’s message, Pelosi spokesman Drew Hammill reported that the Speaker of the House and Secretary Mnuchin resumed negotiations with a phone call.
He adds that the Democratic leader asked the federal official to review the law blocked by the Republicans in the Senate, promoted in the House by Representative Peter DeFazio (Oregon), so that in the next meetings they “have an informed conversation”.
The so-called new HEROES Act of the Democrats, approved two weeks ago in the House, provides extensive aid to different sectors.
- The $1,200 per person
- The $600 Unemployment Insurance Bonus
- Support to companies and hospitals
- Funding for schools
- Support for state and local governments
- Assistance for tenants and homeowners
- Additional resources for testing and contact tracking
- Measures to strengthen the post office and complete the census
- Helps businesses such as restaurants and theaters
- Funding for the transit system