Stimulus Payment Gross Income
The stimulus checks as they re known will go to individuals with an adjusted gross income of up to 75 000.
Stimulus payment gross income. As with the first direct payment under the cares act the income limits. The income thresholds are the same supplying the full payment 600 per adult and 600 per qualifying child to individuals with adjusted gross incomes below 75 000 per year and married. If you are a single filer and have an adjusted gross income greater than 75 000 you can determine your exact payment amount by performing the following calculation.
75 000 as a single tax filer 112 500 as a head of household 150 000 as a married couple filing. Check amount 600 agi. Is there an income limit to receive a stimulus check.
An individual with an agi of up to 75 000 would receive the full 600 check. The new stimulus bill sets the income limits for a 600 second check closely to the first but comes with a few adjustments. If based on your filing status your income is below these thresholds you re in line to receive the maximum payout of 1 200 or 2 400.
The stimulus check including whether you get one and how much your stimulus check is for is based partially on your adjusted gross income on your 2018 or 2019 federal tax return. At the other end of the spectrum are the high income. Married couples with an agi of up to 150 000 would get 1 200 and dependent children.
A couple filing jointly or someone whose spouse died in 2020 with an agi of up to 150 000 would receive 1 200 600 per eligible person.