Level 7
03-06-2021
11:04 AM
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Thanks for the condescending response. Perhaps you should review the tax laws yourself before you post incorrect information.
The income threshold phaseouts for the second round of payments occur at a more accelerated pace than the first round of payments. Accordingly, a married couple with a final 2020 AGI between $175,000 and $199,000 who did not receive any Economic Impact Payments during the calendar year would now qualify for a partial Rebate Recovery Credit for the first payment, but still get nothing for the second round.
I never discussed anything involving dependents, so not sure why you brought that up.