Why Is My Stimulus Check Not An Even Dollar Amount

The internal revenue service even now has listed a group of reasons for why the dollar amount of your economic impact payment could be as the irs delicately puts it different than anticipated.

Why is my stimulus check not an even dollar amount. Your stimulus check is reduced by 5 of the amount over the phase out floor. If you are a single filer no children and earn 80 000 your check is reduced by 5 of 5 000 250. This means your.

The good news is that if you didn t get the full amount of your stimulus payment you ll get it eventually. Someone filing as head of household with an agi above 124 500 would not receive a stimulus check. The internal revenue service even now has listed a group of reasons for why the dollar amount of your economic impact payment could be as the irs delicately puts it different than anticipated many people already have received stimulus payments of up to 1 200 for singles and up to 2 400 for couples plus 500 for dependent children ages 16 and younger.

I am now retired so i do not understand why my 2019 earnings affected my stimulus check. Why is my stimulus check so scrawny. I realize that the amount of my stimulus check was based on the wages i earned in 2019 however i did not work any in 2020.

Then subtract five cents for every dollar that your agi exceeds the phase out threshold amount which is 75 000 for single filers 112 500 for head of household filers and 150 000 for joint. The amount of the stimulus check is gradually reduced once agi exceeds these limits. An individual either single filer or married filing separately with an agi above 87 000 would not receive a stimulus check.

A couple filing jointly would not receive a stimulus check once agi tops 174 000. Specifically the irs wants taxpayers to know that if you are entitled to. Why am i getting far less.