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One thing that didn t change is the formula the.
First stimulus check income limit. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments. As with the first direct payment under the cares act the income limits. In the first round of stimulus checks payments phased out at 198 000.
You are eligible to receive the full payment if your adjusted gross income is below 150 00 and a reduced payment amount if it is above 150 000. People earning up to 87 000 and couples earning up to 174 000 would get a stimulus check. Dependent children qualify for their own 600 payments unlike the first round of stimulus checks.
That s a 600 maximum for each adult down from 1 200 per person in the first stimulus check with another 600 per child dependent up from 500. For the first round of payments the total amount of your stimulus check was based on your adjusted gross income or agi from your 2019 federal tax filing or if you haven t filed this year your. 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.
First if you qualify for a stimulus check and earn more than the adjusted gross income levels mentioned above then your stimulus check will be less than 1 200 per person. The adjusted gross income limit for a reduced payment is 136 500 if you don t have children and increases by 10 000 for each qualifying child under 17.
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