Coronavirus Stimulus Bill, Federal Tax

EIP Per Qualifying Child

The IRS is issuing $500 per qualifying child to some parents. These individuals used the IRS Non-Filers tool before May 17, 2020, and claimed at least one qualifying child. These individuals didn’t receive the qualifying child portion of the Economic Impact Payment (EIP) because of an error that was corrected on May 17. Direct deposit payments were issued on Aug. 5, 2020, and paper checks or debit cards were scheduled to be mailed Aug. 7, 2020. For taxpayers who used the Non-Filers tool on or after May 17, 2020, the EIP they received included the additional $500 per qualifying child. Contact Cg for more information. © 2020