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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!
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March 22, 2021
9:19 PM