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I answered my own question. You loose 5% of the EIP for the AGI amount over $150k (married filing jointly) for EACH payment. I was combining both stimulus payments and then taking off the 5% adjustment; that's not how it works. Oh well.
I answered my own question. You loose 5% of the EIP for the AGI amount over $150k (married filing jointly) for EACH payment. I was combining both stimulus payments and then taking off the 5% adjustment; that's not how it works. Oh well.
The IRS does provide a recovery rebate credit worksheet in the instructions to form 1040, on the line 30 instructions as follows:
https://www.irs.gov/instructions/i1040gi#idm140228274609312
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