Ask Terry Questions stimulus reduction based on higher income

stimulus reduction based on higher income

By Terry Savage on April 01, 2020 | Wild Card

My husband and i file jointly, we combined made estimated $162,000, we have two dependents. What would our check be? i was reading $5 would be deducted for every certain amount over $150,000.

Terry Says

Exactly. Look at your AGI on line 8b of your 1040 to make sure you’re using the correct figure to make the adjustment. As I recall it is $5 for every $100 over the limit. They’ll do the calculation for you!

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