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AGI over 200k - Stimulus payment?

Posted on 4/28/20 at 7:45 am
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 7:45 am
Despite telling my wife that we made too much money for a stimulus payment, she talked me into checking eligibility on the irs site. It said we were eligible. Do kids increase the AGI limit?
This post was edited on 4/28/20 at 7:46 am
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70658 posts
Posted on 4/28/20 at 7:49 am to
Subtle brag thread.
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 7:52 am to
Not at all. This isn't the OT.
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 7:58 am to
Found it for anyone else wondering. 198k is the married/joint limit with no children.

https://www.irs.gov/pub/irs-utl/how_do_I_calculate_my_eip.pdf (PDF warning)
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 4/28/20 at 7:58 am to
I think you get $500 per kid no matter your income.
I'm not 100% on that though.
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 4/28/20 at 8:01 am to
quote:

I think you get $500 per kid no matter your income.
I'm not 100% on that though.
nope. You can also earn too much for even the children's benefit.
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 8:02 am to
It's in the PDF linked above. It's phased out as the AGI increases.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 4/28/20 at 8:05 am to
I stand corrected.
Posted by LSUvegasbombed
Red Stick
Member since Sep 2013
15464 posts
Posted on 4/28/20 at 8:35 am to
So I see that my fiancee is eligible to get a refund. We have been together for 3 years and have kids but have yet to officially tie the knot.

I work for the family business and do not qualify.

My question is could she fill out the non-filers thing and claim our children? Worth a shot?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80744 posts
Posted on 4/28/20 at 8:39 am to
quote:

I think you get $500 per kid no matter your income.

False
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 8:56 am to
quote:

So I see that my fiancee is eligible to get a refund. We have been together for 3 years and have kids but have yet to officially tie the knot.

I work for the family business and do not qualify.

My question is could she fill out the non-filers thing and claim our children? Worth a shot?


Who normally claims the kids?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
36930 posts
Posted on 4/28/20 at 9:51 am to
quote:

Despite telling my wife that we made too much money for a stimulus payment, she talked me into checking eligibility on the irs site. It said we were eligible. Do kids increase the AGI limit?


Think of it this way. First you figure out your max amount based on filing status and dependents. Then, based on filing status, you phase it out. There is no real "upper limit", you just apply the phase out until you run out of AGI or run out of potential payment.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 4/28/20 at 10:20 am to
Maybe your 2018 income was below the threshold?
Posted by Billy Mays
Member since Jan 2009
25269 posts
Posted on 4/28/20 at 10:29 am to
Did you file your 2019 taxes yet? It's probably bc your AGI on 2018 return is less than $198K.
Posted by FieldEngineer
Member since Jan 2015
2114 posts
Posted on 4/28/20 at 11:24 am to
No, I shared the link with the phase out calculation above. 198k is the limit for married with no kids.
Posted by MaxDraft
Baton Rouge
Member since Aug 2019
557 posts
Posted on 4/28/20 at 3:22 pm to
I received $331.35 from a random deposit from the IRS unexpectedly a couple days ago. I have already filed 2019 returns and my AGI was a little over 200. Married with 2 kids. I assume that random deposit is a stimulus payment...that or a mistake, I guess.
Posted by TigerDent
New Orleans
Member since Jan 2011
286 posts
Posted on 4/28/20 at 4:13 pm to
LINK /

Here’s a link that you can use to check to see if you May get one.
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