Kathymw1
New Member

AGI=W2 Income + Retirement disbursement vs Stimulus

Can someone tell me why it makes sense to add into your AGI total any retirement disbursements that prevents a person from getting a stimulus payment?  Example:  I've made less than $75,00 but took out a disbursement that put me just over $80,000, therefore I am not getting a stimulus payment this time around.  The disbursement was my money, not 2020 earned income.  Just doesn't seem logical that the AGI bases for stimulus includes money that a person takes out of their retirement!