With just a few weeks left in the year, members of Congress may have toabout more , including any that could affect who may or not may get another round. Then there will be others who received but might no longer qualify for a second check because of changes to their personal situation.
It’s also possible for some people to seethan before, or for Congress to when .
Until a deal happens, we won’t know the final, including or for people who would get it. These barriers to a second check are based on the first stimulus payment requirements and on the current lay of the land.
Single taxpayers who exceed the income limit
Your, is the sum of money you earn in one year minus approved deductions. The IRS used your AGI to determine if you qualified for . Under the CARES Act, your AGI cutoff as a single taxpayer was $99,000 per year to qualify for a stimulus payment. If you earned more than that through a paycheck or other assets, like stocks, the IRS wouldn’t send you a check.
If you make between $75,000 and $95,000, however, you would get a portion of the check, and the same will likely be true of a second payment if the income rules don’t change. Here’s Read More>>…