Married filing jointly, 5 dependents, $161K in adjusted gross income. We miss out on 7 x $1,400 = $9,800 in stimulus.
If we had made $150K in AGI, we'd get the $9,800.
So we made $11K at the expense of $9,800? Wish we had known the rules in advance.
The American Rescue Plan's steep drop off from $150K to $160K (unlike the first bill which phased out at $200K) is a cliff.
