Coronavirus stimulus check: How some parents may get extra $500 in dependent payment

The CARES Act, which was passed in March, gave much-needed financial support to people struggling due to the pandemic. It was a well-drafted legislation, but it wasn’t without loopholes. One such loophole allowed some parents to claim $500 dependent payment each for the same child with their coronavirus stimulus check.Q3 2020 hedge fund letters, conferences and moreCoronavirus stimulus check: a loophole for some parentsThis loophole basically applies to parents who are separated or divorced and share joint custody of the child. Such a scenario alone does not qualify parents for the dependent p…

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