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New Member
posted Jan 24, 2021 1:57:39 PM

Why does Turbo Tax say I am eligible for a Stimulus Credit when my AGI is over $150,000?

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1 Replies
Level 15
Jan 24, 2021 2:01:52 PM

The amount of your stimulus payment phases out at $150,000. 

If you are a married couple filing jointly and have an adjusted gross income greater than $150,000 you can determine your exact payment amount by performing the following calculation:

Check amount = $1,200 - (((AGI - 150,000)/100)*5)