How Much Is Reduced Stimulus Check

The 600 checks called for in the latest relief package would represent half of the 1 200 directed toward most adults in the first round of stimulus checks.

How much is reduced stimulus check. New coronavirus relief bill includes 600 stimulus checks 300 in enhanced unemployment benefits. Once the agi for a filer hits the income limit for the full stimulus check the amount of the payment is reduced by 5 for each 100 above the threshold. How much are checks reduced by.

For single people the payments are reduced for those with adjusted gross incomes agi above 75 000. For married couples filing jointly the phase out begins at an agi of 150 000. A new maximum payment for a third stimulus check has entered the conversation after president elect joe biden pitched it as part of a 1 9 trillion stimulus proposal he plans to push congress to.

How does the stimulus check calculator estimate reduced payments. Single people who make over 75 000 will have their checks reduced by 5 for every 100 of income over 75 000 and married people who file joint returns will have their checks reduced by 5 for every 100 of income over 150 000. The 600 per person payments are part of the stimulus bill.