Why won't you get a second stimulus check if you reported a lot of income to the IRS

This Monday, January 4, the second stimulus check for $ 600 dollars so that people can cope with the crisis caused by the coronavirus . However, there is a group of people who will receive absolutely no money, and all for having a good income.

The amount of your stimulus check is linked to your adjusted gross income (AGI) , which would be the amount of money you earned in one year and that you filed with the IRS.

If your adjusted gross income is $ 75, 000 or less (or $ 150, 000 for married couples), you will receive the full payment of $ 600 dollars. But, if your AGI goes over that limit, you will get a second smaller stimulus check . In fact, the amount of money will be reduced by 5% for every dollar you earn above $ 75 , 000 dollars (or the $ 150, for married couples).

This means that people without dependents who earn $ 87, 000 dollars or more (or married couples earning $ 174, 000 dollars or more) will receive nothing from the second stimulus check , as reported in Money .

– Also It may interest you: What to do if your stimulus check is deposited in the wrong bank account