How Much Is Stimulus Reduced
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The second round of checks would have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000 per single person or 150 000 per.
How much is stimulus reduced. How does the stimulus check calculator estimate reduced payments. For single people the payments are reduced for those with adjusted gross incomes agi above 75 000. 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 will the second stimulus check be for. For married couples filing jointly the phase out begins at an agi of 150 000. The second round of checks will have the same type of income phaseouts as in the cares act with the stimulus check payments reduced for earnings above 75 000 per single person or 150 000 per.
In contrast the first stimulus checks sent out earlier this year were reduced to zero for individuals with 99 000 in adjusted gross income and 198 000 for married couples who file jointly.
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