The first and second stimulus checks left a lot of college-age students disappointed.
They also disappointed plenty of parents.
The $500 and $600child stimulus creditswere only available for dependents 16 and younger.
This post refers to the 2020 tax season. For the most up-to-date info, check out ourrecent tax articles.
Thats IRS speak for: Youll get it as a tax refund.
So how do you know if youre eligible?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
The same applies even if you didnt graduate but you started supporting yourself in 2020.
Where it gets murkier is if your parents still provided some support.
The best solution here is to usefree tax softwareto file a tax return.
The deadline to file is April 15.
As long as you file online, youll typically receive your refund within three weeks.
While a third stimulus check for $1,400 is looking likely, it hasnt passed yet.
If it happens, though, it will be a 2021 credit that will be processed using 2020 returns.
Robin Hartill is a certified financial planner and a senior writer at The Penny Hoarder.
She writes the Dear Penny personal finance advice column.
Send your tricky money questions to[email protected].
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