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One thing that didn t change is the formula the.
Stimulus income limits head of household. An individual either single filer or married filing separately with an agi above 87 000 would not receive a stimulus check. 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. Simply because it lowered the income limit as a result of math.
The amount of the stimulus check is gradually reduced once agi exceeds these limits. Single filers with adjusted gross incomes of 75 000 or less would receive the full amount while the full payment thresholds for. For example with the first.
As with the first direct payment under the cares act the income limits. The stimulus checks as they re known will go to individuals with an adjusted gross income of up to 75 000. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments.
However income limits for a full payment have remained the same. This means your stimulus check will get reduced by 5 for every 100 more in adjusted gross income that you have above 75 000 individual single filer 112 500 head of household and 150 000. Remember any dependent child under age 17 will count for an additional 600.
A head of household filer with an agi of up to 112 500 would receive the full 600 check. Married couples with an agi of up to 150 000 would get 1 200 and dependent children.
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