The second stimulus check has different income limits versus the first stimulus check. The first stimulus check was based on your 2018 or 2019 taxes, if you had filed them. But the second check is based solely on your 2019 taxes. That means if you got a new job or earned more money between 2018 and 2019, you may be in the upper limit, and receive only a partial check.
If 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.
Check the IRS Get My Payment tool to see if the IRS has a 2nd stimulus payment for you. The tool should tell you where your stimulus payment was deposited or mailed. The IRS has indicated there’s nothing you can do to change where they send your payment.
Please see the following page for additional information: Why Haven’t I Received My Second Stimulus Check?
Thank you. I am aware of that. However, we have a combined household income of 85,000 now and was less then of around 75,000. This is the reason I was inquiring of why it is half. We have one dependent under 16 as well.
If for some reason you do not receive all or part of your stimulus payments in advance, you can have it added to your refund. The IRS will stop mailing payments on 1/15 and will not begin processing returns until sometime after 1/25 so all stimulus payments should have been received by then and you can file the return with the credit.
Please wait until you are certain there is no second payment, then you can follow these steps, if necessary.
Please see: Is My Second Stimulus Check on the way? and the IRS stimulus website
Hot off the presses ... the IRS start date for processing 2020 returns is 2/12/21