[Source: Aimee Picchi / MoneyWatch]
The stimulus checks that Treasury Secretary Steven Mnuchin says will be deposited into Americans’ bank accounts “within three weeks” won’t be enjoyed by everyone. That’s because the massive $2 trillion stimulus package, the Coronavirus Aid, Relief, and Security (CARES) Act, excludes some Americans from receiving the one-time payments, which are set at $1,200 for adults and $500 for children.
Here’s who won’t get a stimulus check:
- Children who are 17 or 18 years old.
- Many college students between the ages of 19 to 23.
- Adults who can be claimed as dependents.
- Nonresident aliens (in other words, those without a green card).
- Individuals who earn more than $99,000 or married couples earning more than $198,000.
- People who haven’t filed 2018 and 2019 tax returns.
If you have not completed either return yet, please call me and we will make sure to get your return done so you can claim your stimulus check.