qbteachmt
Level 15
07-27-2022
05:29 PM
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"Yet, the factor in the worksheet for the excess over the $ 150,000 threshold is 5%."
It's not that simple. You need to consider how children affect that phase out, too. Here's one example:
https://www.irs.gov/newsroom/calculating-the-economic-impact-payment
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Don't yell at us; we're volunteers