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What's this?

It's simple. 100% to 75k AGI. Then deduct 5% over until 99k (where it =0)

If you had 85K , take $1200, then deduct 85k - 75k = 10k x 0.05 (500) for $700

$150,000 start for married filing jointly.

(In response to this post by 48tnhokie)

Posted: 03/29/2020 at 8:47PM

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Current Thread:

SIR, The Stimulus Package, looking for as close to expert opinion as possib -- 48tnhokie 03/29/2020 8:33PM

AGI..if you claim them as dependents you get the $500 per. ** -- Hockey Dad 03/30/2020 08:54AM

This so funny, you say yes if dependent's -- 48tnhokie 04/02/2020 5:11PM

Do they base on 2019 or 2018 taxes? ** -- Full-Set and Moonshine 03/30/2020 09:54AM

I believe 2019 if filed if not, 2018 ** -- HokieForever 03/30/2020 10:48AM

And yes under 17. Same as CTC. ** -- Hockey Dad 03/30/2020 09:00AM

Six kids -- Hokie1992 03/30/2020 08:42AM

Lol on the "cheaper now b/c all the kid's activities are cancelled" -- `lag 03/30/2020 11:06AM

Not so, my kid, D-2 football player -- 48tnhokie 03/30/2020 1:02PM

Not so, my kid, D-2 football player -- 48tnhokie 03/30/2020 1:02PM

Dang, I may get some -- `lag 03/29/2020 10:58PM

Just look at your 2018 tax form 1040. -- 48zip 03/29/2020 11:03PM

Coincidentally, did them yesterday.... -- `lag 03/29/2020 11:44PM

It's the 2018 yr, not 2019. ** -- 48zip 03/30/2020 12:19AM

I read it is 2019 if already filed. 2018 if not. ** -- Kudelski 03/30/2020 06:58AM

I've heard there will be a reconcilliation on the 2020 form ** -- LaneRat 03/30/2020 09:11AM

Will get $0 for college age dependents. I've got 2, so unfortunately... -- cincyhokie 03/29/2020 9:58PM

I get zero but most of my employees that are single do so I am happy for -- wc hokie 03/30/2020 12:45AM

...it’s only money ** -- chumley 03/29/2020 9:50PM

I get nothing, and will like it! ** -- B777Fr8Dog 03/29/2020 8:52PM

^^^ I'm with stoopid ^^^ ** -- Brown Water 03/29/2020 10:04PM

It's simple. 100% to 75k AGI. Then deduct 5% over until 99k (where it =0) -- 48zip 03/29/2020 8:47PM

That was easy, thanks everyone, Be Safe* ** -- 48tnhokie 03/29/2020 8:57PM

I'll got 0, make to much $. Not complaining, happy to not need it. ** -- 7Hokie1 03/29/2020 8:40PM

There are several online calculators -- Hokie Chris 03/29/2020 8:38PM

Calculator inside -- FfxStationHokie 03/29/2020 8:35PM

That's not a good one. I claim one college age child as a dependent.... -- Jackie VT 03/29/2020 9:16PM