Why am I eligible for a Recovery Rebate Credit when my AGI is 77,378? (The AGI is lower than last year.) I am single. My AGI is still higher than $75,000.

I received a stimulus payment of $483 for the 1st one. Nothing for the second because of my income.

186

Expert Alumni

Feb 2, 2021 8:37:53 AM

The stimulus payments begin phasing out at incomes above $75,000 until zero at $99,000. So you would be eligible for some credit. TurboTax calculates the amounts for you based on your 2020 tax return information.

Here is a link with more information on the Recovery Rebate Credit.

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Why am I eligible for a Recovery Rebate Credit when my AGI is 77,378? (The AGI is lower than last year.) I am single. My AGI is still higher than $75,000.