Stimulus check

Forum|Forum|5 years ago
March 15, 2021
1 reply
4 views

I can't believe that because I rolled over my entire IRA into a Roth IRA last year, about $100,000. I had allot of Federal taxes withheld & will owe allot to the state. My AGI was $163,902. And because of it, we don't get a stimulus check? HELLLP!

Not A Product Question

LenaH

Employee Tax Expert

Yes, that is correct. Stimulus payments (EIP3) are phased out – or reduced -- above Adjusted Gross Income (AGI) amounts of $160,000 for married and filing a joint return.

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djdankinney6506Author

Level 2

Turns out everybody was wrong. We received our stimulus yesterday despite our high AGI.

ReneeM7122

Level 9

The third stimulus is a bit different than the second and third. Here is a TurboTax article with more information. And here's another one with details about the American Rescue Plan.