qbteachmt
Level 15
02-16-2021
07:20 PM
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Here is how the IRS computes it:
https://www.irs.gov/newsroom/calculating-the-economic-impact-payment
Example: "For eligible individuals with no qualifying children, the payment is reduced to $0 if their AGI is at least:
- $99,000 if filing as single or married filing separately
- $136,500 if filing as head of household and
- $198,000 if filing married filing jointly
For individuals with qualifying children, these total-phaseout amounts increase by $10,000 for each qualifying child. For example, for an eligible individual filing as married filing separately with 3 qualifying children, the individual’s payment is reduced to $0 if his or her AGI is $129,000 or more."
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