topic Stimulus Eligibility in Deductions & credits

Stimulus Eligibility

joejazz — Thu, 18 Mar 2021 00:21:49 GMT

I am in the middle of doing our taxes. TurboTax shows we are eligible for a $1078.00 stimulus. I do not understand how this is possible because our AGI exceeds the $160000 limit for a married couple filing a joint return. I used a stimulus calculator using the same numbers from my return and it says we are ineligible. We have received no stimulus payments in the past. I went all the way through the return checks and there are no errors. Why is TurboTax showing us as eligible?

Re: Stimulus Eligibility

PattiF — Thu, 18 Mar 2021 00:34:00 GMT

TurboTax is showing the first and second stimulus payments. You may be eligible for a partial amount. The amount of the payment is reduced after $150,000.

Re: Stimulus Eligibility

VolvoGirl — Thu, 18 Mar 2021 00:38:29 GMT

What is your 2020 AGI? How much did you already get for the first and second rounds? I made a spreadsheet to check. Any dependents under 17?

Re: Stimulus Eligibility

joejazz — Thu, 18 Mar 2021 00:46:53 GMT

Thank you for the prompt reply! This reads different than what I've seen elsewhere. Here is a clip from the IRS website that sets the $160,000 limit. The article you posted does not list a maximum AGI of $160,000. I used the 5% differential in the article and it comes up exactly. Really confused.

Re: Stimulus Eligibility

joejazz — Thu, 18 Mar 2021 00:50:07 GMT

2020 AGI is $177,000

No previous stimulus payments.

No Dependents under 17.

Only my wife and I filing married jointly.

Thanks.

Re: Stimulus Eligibility

VolvoGirl — Thu, 18 Mar 2021 00:53:30 GMT

The 160,000 max is for the 3rd Stimulus just going out now. It is not included on your tax return. The 2020 tax return only reconciles the first 2 rounds. First round phases out 150,000-198,000 and the second round 150,000-174,000. I think those are the limits.

Re: Stimulus Eligibility

VolvoGirl — Thu, 18 Mar 2021 00:58:18 GMT

Well I come up with $1,050 for the first round and nothing for the second round. That's pretty close. Maybe you gave me a rounded 177,000.

Re: Stimulus Eligibility

joejazz — Thu, 18 Mar 2021 01:04:17 GMT

Thank you. It was very confusing since I expected nothing, thought we were ineligible and perhaps there was a problem with TurboTax or the way I entered information. Based on your help I will feel comfortable moving forward.

Re: Stimulus Eligibility

hendry2021 — Sun, 09 May 2021 06:06:56 GMT

Hi,

For a non-resident alien, how to tell Turbotax that the person isn't eligible for the stimulus?

Thanks,

Re: Stimulus Eligibility

DMarkM1 — Wed, 12 May 2021 12:54:22 GMT

If you are filing as a non-resident alien you will use a form 1040NR and stimulus payments will not be part of the interview. TurboTax does not support the 1040NR, but you can use Sprintax for support with that form.