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Tag Archives: penalize

The Moneyist: My children, aged 10 and 15, each received $1,200 stimulus checks — will the IRS penalize us if we keep them?

Dear Moneyist, I received three direct deposits yesterday for $ 1,200 each for my kids, all of whom are under 17. They are aged 10, 10 and 15. We already received our $ 2,400 stimulus check. My wife is on permanent disability and she receives a Social Security payment monthly …

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