Many College Students May Still Qualify for an Economic Impact Payment
The IRS is urging any eligible self-supporting college student who does not need to file a tax return to register by November 21 to receive an Economic Impact Payment before the end of the year. In advance of the National EIP Registration Day on November 10, the IRS is reminding people who do not normally file a tax return they may be able to register for an Economic Impact Payment with a quick visit to the Non-Filers tool on IRS.gov. In particular, the IRS wants to remind self-supporting students with little or no income that they may be eligible for payments of $1,200 or more.
“The IRS is working hard with our partners across the country to raise awareness about the upcoming deadline to register for a payment,” said IRS Commissioner Chuck Rettig. “College students in particular should be careful not to overlook these payments if they’re supporting themselves and can’t be claimed as a dependent on someone’s tax returns. A few minutes of research could really help students.”
Remember, only self-supporting students who are not required to file a tax return should use the Non-Filers tool. Dependent students who are claimed as a dependent by their parents or someone else cannot get a payment. Recent college graduates recently claimed as a dependent on a tax return may be eligible to claim the EIP when they file their 2020 tax return in early 2021; see IRS.gov for more details.