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Covid Distribution Calculation
I'm at the point in my return where TT is asking about the Covid Stimulus payments. It appears to be telling me that we (married filing jointly) should have received the full payments of $2,400 and $1,200, even though we were fortunate enough to have AGI of $157K in 2020. Our income was higher (AGI around $170K) in 2019 - we got checks, but not the full amount. Even with the lower AGI in 2020, I didn't think we'd be eligible for the full amount because it's still above $150K. What am I missing?
‎February 27, 2021
12:25 PM