topic 3rd Stimulus questions in Business & farm

3rd Stimulus questions

mantadae — Sat, 13 Mar 2021 12:41:56 GMT

Questions about 3rd stimulus

Re: 3rd Stimulus questions

DanaB27 — Sat, 13 Mar 2021 13:16:03 GMT

The third stimulus has been signed into law. You could get up to $1,400 per taxpayer plus $1,400 for each dependent.

If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 married filing jointly), you should be eligible for the full $1400 stimulus payment. Payments will begin to be reduced for individuals making $75,000 or above in AGI ($150,000 for married filing jointly.) The reduced payments end at $80,000 for individuals ($160,000); people above these levels are ineligible for a payment.

Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents (IRS).

Please see How will the third stimulus impact me? for more information.

Re: 3rd Stimulus questions

coyote777 — Sat, 26 Mar 2022 16:57:34 GMT

I filed my taxes and now received a letter from IRS stating we are not eligible for the 3rd stimulus. We filed joint and the ADJUSTED GROSS INCOME IS123,846 FOR OUR 2021 TAXES

Re: 3rd Stimulus questions

VolvoGirl — Sat, 26 Mar 2022 17:04:18 GMT

Did you have an amount on line 30 for it? But the IRS took it off? Did you already get the 3rd Stimulus payment last year? You might have tried to claim it again. Line 30 is only if you didn't get the full amount or qualify for more. Was the IRS letter the generic list of like 5 things it could be and the AGI is just one of them?