Stimulus Phase Out Range

High income earners without children.

Stimulus phase out range. The checks phase out completely if you earn 99 000 or more the same sliding scale applies for couples earning between 150 000 and 198 000. Now the bad news. If you qualify for a stimulus check your stimulus check may be less than 1 200 because if you have higher adjusted gross income the amount of your check can be lower due to the phase out.

The amount will be reduced by 5 for every 100 your income exceeds the lower limit 75 000 for individuals or. The same sliding scale applies for couples earning. Thus the phaseout range varies from taxpayer to taxpayer depending upon the size of your base additional recovery rebate i e the more eligible individuals the larger the dollar amount to be phased out at 5 per 100 of agi and the more income it will take to fully phase out the rebate check.

Married couples earning more than 198 000 and no kids as. In both rounds of checks so far a gradually smaller figure has been sent out to higher earners up to a final phase out limit that has been calculated by reducing the size of the stimulus check. The stimulus check is 1 200 for qualifying individuals and 2 400 for qualified married couples.

If your agi falls within the phase out range then you will receive a reduced stimulus check. Stimulus payment amounts will be phased out for people at certain income levels. For instance individuals who earn more than 99 000 phase out completely from the stimulus plan.