While individuals don’t need to have a minimum income to be eligible for the payment, the actual amount of the payment is based on the individual’s filing status, adjusted gross income and number of qualifying children.
Eligible individuals will receive an Economic Impact Payment of $1,200, or $2,400 if married filing jointly, with an adjusted gross income (AGI) up to: $75,000 for individuals if filing as single or married filing separately. $112,500 if filing as head of household and. $150,000 if filing married filing jointly.
Use this link to the IRS calculation for allowing the Stimulus payments.
You will receive a Notice of Adjustment in the mail from the IRS explaining why the adjustment was made and you will have an opportunity to appeal.
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