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Deductions & credits
You can find the AGI on the 2019 return on line 8b and on the 2020 return on line 11.
If your mom didn’t get your full first and second stimulus payments, she may be eligible to claim the Recovery Rebate Credit on your 2020 tax return.
Your credit amount will be reduced if your 2020 adjusted gross income (AGI) is more than:
- $150,000 if married and filing a joint return or filing as a qualifying widow or widower
- $112,500 if filing as head of household or
- $75,000 for eligible individuals filing as a single or as married filing separately.
Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )
For the third stimulus payment:
- If you have an adjusted gross income (AGI) under $75,000 ($150,000 married filing jointly), you will be eligible for the full $1,400 stimulus payment.
- Payments will begin to be reduced for individuals making $75,000 or above in AGI ($150,000 for married filing jointly.)
- Once your AGI reaches $80,000 for individuals ($160,000 married filing jointly) you will be ineligible for a payment.
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April 18, 2021
8:37 AM