Unfortunately, you are correct. The payments will be phased out to -0- for married, filing jointly filers making more than $160,000.
For more information, see: More details about the third round of Economic Impact Payments which states:
Payments will be phased out – or reduced -- above those AGI amounts. This means taxpayers will not receive a third payment if their AGI exceeds:
- $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
[Edited 03/15/2021 | 9:07 AM PST]
