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From what I understand the income limit for the first and second round of payments was $99,000 filing individually. The individual I am referring to had 2019 AGI of $96750.00. Hence the indexed payment of $112.50 toward the complete phaseout at $99,000AGI I referenced previously. Apparently, the phase-out above $75,000 was $5 for every $100 above $75,000 AGI with a $0 at $99,000 AGI. I haven't seen anything that removes the phase-out from $75,000 to $99,000. Is this not accurate?
March 13, 2021
6:29 PM