Yes, you do qualify for CAA.
Your ages are of no consequence.
You can use 2019 to calculate the stimulus.
The cutoff for the stimulus starts at $150,000.
So on all counts it does sound like you qualify.
The third stimulus check will open up more avenues for people to claim a payment, as long as their yearly earnings in 2019 or 2020 fall within the brackets for receiving a third check.
This would change the income limit for individuals and families who'd qualify for a full stimulus payment -- it isn't the same as it was for the first two rounds of checks approved in 2020.
The major variables the IRS plugs into the stimulus formula are:
- Your AGI per your 2019 or 2020 federal tax returns.
- Upper income limits for single taxpayers, heads of household (for example, a single person with at least one child) and married couples filing jointly.
- The number of eligible dependents you claim.
- Reduction or "phase-out" rate -- the amount your total would drop for every $1,000 you make above the income limit that allows you to qualify for the full check amount. In other words, the IRS calculates a partial payment if you don't qualify for the full amount.
@Sandiegokings
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