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R
robert-gottesman
February 2, 2021
Question

Why am I eligible for a Recovery Rebate Credit when my AGI is 77,378? (The AGI is lower than last year.) I am single. My AGI is still higher than $75,000.

  • February 2, 2021
  • 1 reply
  • 0 views
I received a stimulus payment of $483 for the 1st one. Nothing for the second because of my income.

1 reply

DMarkM1
DMarkM1
February 2, 2021

The stimulus payments begin phasing out at incomes above $75,000 until zero at $99,000.  So you would be eligible for some credit.  TurboTax calculates the amounts for you based on your 2020 tax return information.

 

Here is a link with more information on the Recovery Rebate Credit. 

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