If you’re owed $500 for your dependents, you’ll need to act quickly to get the money.
The Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) authorized payments of $1,200 for each adult and $500 per dependent child under age 17. Most Americans were entitled to this money. It was the IRS’s responsibility to distribute these funds.
Unfortunately, some people didn’t receive the stimulus check for their dependents. If that’s you — it’s not too late to claim your payment, but you’ll need to act soon.
How did this happen? From the beginning, the IRS didn’t have information about everyone who should receive a coronavirus stimulus payment. The agency obtained details about taxpayers and their dependents from tax returns filed in 2018 and 2019. However, not everyone files a return. Many people who receive Social Security benefits, railroad retirement benefits, and pension benefits don’t have to