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2020 stimulus package signed by former president donald trump to bump the 600 upper limit of the second.
Stimulus money phase out. Eligibility for the payments starts to phase out at adjusted gross incomes of 75 000 for single filers and 150 000 for joint filers. But at a maximum of 600 per adult you would phase out of the second payment once you hit 87 000. The stimulus payment is cut by 5 for every 100 of income.
The same rules will apply to married couples filing jointly only they will receive 1 200 and the agi threshold before the credit begins to phase out is set at 150 000. Heads of households with incomes under 112 500 will get the full stimulus payment. 28 2020 a bill that would have amended the dec.
The chamber passed the cash act on dec. In the first round of stimulus checks payments phased out at 99 000. Under the cares act the 1 200 payments for individuals phased out at an income of 99 000 and the 2 400 payments for couples phased out at a combined income of 198 000.
Married couples earning more than 198 000 and no kids as dependents also aren t eligible for. People who file taxes as heads of household and earn up to 112 500 are eligible for the full 600 payment.
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Details On The Second Stimulus Check
