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The irs has stated that the combined income for married couples filing jointly has to be less than 150 000 per year in order to get the full stimulus payment of 2 400.
Stimulus cut off married couple. For married couples filing jointly your combined income must be less than 150 000 per year to earn the 2 400 and if you and your spouse are earning more than 198 000 per year you won t. The first stimulus checks included payments of up to 1 200 per person or 2 400 per married couple filing jointly plus 500 per dependent under age 17. Full payments were sent to those.
The legislation would be retroactive to march 2020. How much stimulus money will the household receive. However there is a maximum income threshold and your stimulus check amount phases out gets reduced by 5 for every 100 above certain income levels based on your tax filing status.
Lawmakers struck a nearly 900 billion covid 19 stimulus deal sunday that includes another round of stimulus checks and badly needed jobless benefits for struggling americans ending a long. The married couple s agi was 120 000 in 2019. Married couples who file jointly would receive up to 4 000.
For example payments would cut off completely at 174 000 for a childless couple and 210 000 for a couple with 3 children. The initial factor to take note of here is that the married couple is below. With the current law 600 per person payments this slow phaseout eliminates payments for most higher earners.
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