Last year i made over 80k. i am single. what will my stimulus check amount to - $300 or $600?

Question

Last year i made over 80k. i am single. what will my stimulus check amount to - $300 or $600?

Answer 1

it will be $600.

Answer 2

The cut off income amount to recieve the full amount is $75000. For additional income over $75k, the refund is decreased by $50 for every $1000 over. If you were at $80000 or $5000 over the cap, your stimulus payment is reduced by $250. If your tax liability is over $600, which I imagine it would be, you would get $350 ($600-$250). If you have outstanding liabilities to the government through taxes, or if you have outstanding child support, you may not be eligible at all.

Answer 3

www.irs.gov, wheres my stimulus and also use the stimulus calculator to find out if you qualify.

Answer 4

From http://www.irs.gov/newsroom/article/0,,i...

Phase Out: The stimulus payment –– both the basic component and the additional funds for qualifying children –– begins to phase out for individuals with adjusted gross incomes (AGI) over $75,000 and married couples who file a joint return with AGI over $150,000. The combined payment is reduced by 5 percent of the income above the AGI thresholds.

Here are two examples of how the phase out works:

An individual with AGI of $80,000 and federal income tax liability in excess of $600 would qualify for a basic rebate of $600. Because this individual’s AGI exceeds $75,000, however, her rebate is reduced by $250 (the credit is reduced by multiplying the amount of AGI over $75,000 by 5%). The taxpayer receives an economic stimulus payment of $350.

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Answer 5

Go to the IRS website for answers.

www.irs.gov