Stimulus Q & A (July 2020)

Tax Tips

Stimulus Payments Q & A

By Michael Aston, E.A.
Alhambra Tax Center

Below are a few questions and answers about the stimulus program.

Q. Why have I not received my payment?

A. There can be many reasons, but a few are….

§ Based on your 2018 or 2019 income you became ineligible. A single person will cap out a $99k. And a married family of four (with two dependents under 17) would cap at $218k.

§ You did not file a tax return for the year 2018 or 2019.

§ If you owe past-due child support…you will not receive the stimulus.

§ Or, it could have been lost in the mail.

Q. Do I have to pay taxes on my stimulus payment?

A. No, you do not pay taxes on the stimulus payment.

Q. I would have been eligible based on my 2018 income…but not on my 2019 income. Is there a way of taking back the 2019 tax return?

A. No, you cannot take back your 2019 filing to get the stimulus payment.

Q. Why did I not get the $500 for my dependent, who was 17 in the year 2019?

A. The $500 dependent stimulus -- is for dependents under the age of 17 (as of 12/31/2019).

Q. A popular member of Congress recently told college students to file on their own tax return to get the $1200 stimulus. As a college student, how do I do this?

A. Unfortunately, this member of Congress did not understand the rules. Most college students under the age of 24 will not be able to receive the stimulus because they’re claimed as a dependent on their Parent’s tax return – or are eligible to be claimed as a dependent on their Parent’s tax return.

If you have stimulus questions…please do not hesitate to email me at You can also find information at or speak to your tax preparer.

2019 TAX DEADLINE IS JULY 15 2020.