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Yes, that is correct. Your 401(k) disbursement increases your income so you may no longer qualify for the stimulus payments. See the eligibility requirements below.
To be eligible for the first stimulus payment: Generally, if you are a U.S. citizen or U.S. resident alien, you will receive an Economic Impact Payment of $1,200 ($2,400 for a joint return) if you (and your spouse if filing a joint return) are not a dependent of another taxpayer and have a Social Security number valid for employment and your adjusted gross income (AGI) does not exceed:
You are not eligible for a payment if any of the following apply to you:
To be eligible for the second stimulus payment, your adjusted gross income (AGI) is below,
You should receive $600 per individual plus $600 per qualifying child.
For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$112,500/$150,000 thresholds. This means:
You can find your 2019 AGI on line 8b of your Form 1040.
Yes, they qualify because the second stimulus is based the 2019 income tax return.
in order to be eligible for the third stimulus, you need to meet the following requirements:
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