My daughter was born in 2020, so we are eligible for a recovery rebate credit of $1,100 ($500 for round 1, $600 for round 2 stimulus). I am filing jointly, with AGI of $153,320. I understand the credit is reduced by 5% of AGI over $150,000. In my case, this would be $3,320 x 5% = $166. TurboTax is reducing the credit by $332 (10% of AGI over $150k). Is this right? Is the 5% reduction applied per person? It seems there is no way to change the credit amount manually. Thank you.
