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Under the cares act the 1 200 payments for individuals phased out at an income of 99 000 and the 2 400 payments for couples phased out at a combined income of 198 000.
Adjusted gross income threshold for stimulus check. Your adjusted gross income will decide how much money you get in your second stimulus check and in a third. What are the income thresholds for getting a stimulus. Here s how to calculate your agi based on your tax filings.
Today is the irs deadline. The income limits for stimulus eligibility will depend on your tax filing status as follows. A couple filing jointly or someone whose spouse died in 2020 with an agi of up to 150 000 would receive 1 200 600 per eligible person.
If you are a single filer and have an adjusted gross income greater than 75 000 you can determine your exact payment amount by performing the following calculation. Check amount 600 agi. So individuals with adjusted gross income of up to 75 000 or couples with 150 000 are eligible for full payments.
The income thresholds for the checks have stayed the same. 75 000 as a single tax filer.
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