Sourced from The New Paltz Oracle
The government’s coronavirus relief bill will give most Americans a $1,200 support check in response to the financial burdens brought on by the COVID-19 pandemic, but leaves many college-aged students in the dust.
The federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which offers $2.2 trillion towards tax-paying Americans in an attempt to ease some of the economical stress caused by COVID-19 lockdowns.
This bill is set up to give $1,200 to any single-filing individual that has a Social Security Number, is not claimed as a dependent on someone else’s tax forms and has an adjusted gross income under $75,000, according to the Tax Foundation.
If that individual also has a child 16 years old or younger, they will be awarded an extra $500 per child.
To the dismay of many, key groups in need of aid have been left out of the CARES Act. Anyone over the age of 16 who is claimed as a dependent will not receive a $1,200 check, and the person who claimed them will also not receive the extra $500 check, frustrating many college students.
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