Stimulus Bill Income Threshold
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The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments.
Stimulus bill income threshold. The cutoff remained 75 000 to receive the total but using the formula laid out in the text of the bill the threshold to receive any amount of stimulus money as an individual with no children. A couple filing jointly would not receive a stimulus check once agi tops 174 000. An individual either single filer or married filing separately with an agi above 87 000 would not receive a stimulus check.
According to cnbc here are the qualification guidelines for who would get a second check. However that amount begins to. Trump once again called for its 600 stimulus checks to be boosted to 2 000 per person.
House of representatives voted to pass a bill to. To get the full 600 amount a person can t earn more than 75 000 in 2019 or 150 000 for couples. On december 28 the u s.
But that formula when combined with the smaller 600 amount of the checks means that the income threshold for receiving any money will be lower. Not only is the second round of coronavirus stimulus checks worth less than the first payment but the income limits are also less generous than they were under the coronavirus aid relief and. The amount of the stimulus check is gradually reduced once agi exceeds these limits.
The cutoff remained 75 000 to receive the total but using the formula laid out in the text of the bill the threshold to receive any amount of stimulus money as an individual with no children. Single people earning over 87 000 won t qualify. Individuals with an agi of less than 75 000 and married couples filing jointly with a combined agi of less than 150 000 will be eligible to receive the entire 600.
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