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Will I Get Less than $1,200 of the Coronavirus Stimulus Money?
If you make over $75,000 adjusted gross income then yes you may still get a Coronavirus Stimulus Check but it will be less than $1,200. For every $100 over $75,000 your stimulus check will be reduced by $5. At this rate if your adjusted gross income is $99,000 then you will not be receiving any stimulus money for those who filed taxes individually in 2018 or 2019.
If your taxes in 2018 or 2019 were submitted as married filing jointly then this same rate applies above $150,000. So for every $100 over $150,000 your check will be reduced by $5. At that rate, if you made over $198,000 then you will not be receiving any stimulus money for those who filed taxes as married filing jointly in 2018 or 2019.
We hope this article has helped you to answer your questions of: Will I Get Less than $1,200 of the Coronavirus Stimulus Money?