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When your AGI is above the threshold, the stimulus payment is reduced by 5% of the excess over the threshold. The reduction is applied once on the total amount of stimulus (including dependents) and not on the stimulus amount for each person.
Please see examples of the reduction calculation in this IRS document.
When your AGI is above the threshold, the stimulus payment is reduced by 5% of the excess over the threshold. The reduction is applied once on the total amount of stimulus (including dependents) and not on the stimulus amount for each person.
Please see examples of the reduction calculation in this IRS document.
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