topic Re: Stimulus check in After you file

Stimulus check

djdankinney6506 — Mon, 15 Mar 2021 21:30:38 GMT

I can't believe that because I rolled over my entire IRA into a Roth IRA last year, about $100,000. I had allot of Federal taxes withheld & will owe allot to the state. My AGI was $163,902. And because of it, we don't get a stimulus check? HELLLP!

Re: Stimulus check

LenaH — Mon, 15 Mar 2021 23:31:13 GMT

Yes, that is correct. Stimulus payments (EIP3) are phased out – or reduced -- above Adjusted Gross Income (AGI) amounts of $160,000 for married and filing a joint return.

Re: Stimulus check

djdankinney6506 — Thu, 18 Mar 2021 16:06:44 GMT

Turns out everybody was wrong. We received our stimulus yesterday despite our high AGI.

Re: Stimulus check

ReneeM7122 — Thu, 18 Mar 2021 16:14:58 GMT

The third stimulus is a bit different than the second and third. Here is a TurboTax article with more information. And here's another one with details about the American Rescue Plan.