4/3/2023 0 Comments Agi on turbotax return![]() ![]() Those earning between $75,001 and $80,000 would receive a reduced amount. Single taxpayers whose AGI in 2019 or 2020 was $75,000 or less are expected to receive the full stimulus payment. The American Rescue Plan is currently with the House of Representatives, which could make changes to the bill, and will need House signoff before heading to President Biden for a signature. The maximum amount of the third stimulus check is currently set at $1,400 per adult taxpayer, plus $1,400 per dependent. The maximum amount of the second check was $600 per adult taxpayer and $600 for each child under age 17. In March 2020, the maximum payment for individuals was $1,200 and $500 for each child under age 17. A third stimulus check is currently being considered as part of the American Rescue Plan. It's also the income cutoff the United States government has used to determine eligibility for coronavirus stimulus checks.īoth the first and second stimulus checks were one-time direct cash payments sent to low- and middle-income Americans. Your adjusted gross income, or AGI, is your taxable income prior to deducting your standard or itemized deductions, and is often used by the IRS to determine whether you qualify for certain tax deductions and credits. If you're a taxpaying American, chances are you've come across the term "adjusted gross income." By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our ![]()
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