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Get your taxes done using TurboTax
Unfortunately, your AGI is too much to qualify for any additional credit. The credit is reduced by $5 for every $100 over $150K (for married taxpayers). For an AGI of $161K, your credit is reduced by $550. So instead of $2900, you would only qualify for $2350. Since you already received more than you qualify for ($2400), you will not be able to claim the recovery rebate. :(
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March 1, 2021
4:34 PM
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