Just got my stimulus of over $5,000 and make over $150K

My household income is like 195k and we will get nothing.

We pay through the nose, too. So much for "we're just giving taxpayers back their money."

Dependents?

Yes, two dependents plus my wife and myself.

$1,400

$1,400

$500

$500

Adds up to $3,800, so I didn't get the full potential amount amount but I thought it would be reduced more - maybe down to zero.

Go to the Red Rock Casino in Las Vegas, Nevada.

What was you income on you last filed tax return?

I'll Take IT wrote:

Today we received a deposit of $5,400 from the IRS .

I'll Take IT wrote:

Yes, two dependents plus my wife and myself.

$1,400

$1,400

$500

$500

Adds up to $3,800, so I didn't get the full potential amount amount but I thought it would be reduced more - maybe down to zero.

Um ...

Turns out you were fired and just didn’t get the pink slip yet. So with your current income it makes sense. Sorry.

We make just about 160k as a household with two kids. Got $2100.

We make just over 150K, one dependent, and online calculators I've used have said we get nothing.

(Sorry this thread is revealing that there are three or four of us who don't make a million annually.)

scratching head wrote:

I'll Take IT wrote:

Today we received a deposit of $5,400 from the IRS .

I'll Take IT wrote:

Yes, two dependents plus my wife and myself.

$1,400

$1,400

$500

$500

Adds up to $3,800, so I didn't get the full potential amount amount but I thought it would be reduced more - maybe down to zero.

Um ...

+1

Dude probably used the same math skills to calculate his income.

Let's see. I make $25K. The missus makes $19K. Household is $215K.

I'll Take IT wrote:

Our household income is over $150K.

Today we received a deposit of $5,400 from the IRS .

I thought they were going to have tighter restraints on focusing the stimulus to lower earners.

Seriously, you couldn't google this or read any of the 10,000 clickbait news articles that explain it?

It's based on AGI, not household income. If you're under $150k AGI for a couple, you'll get the full amount - $5600 for a family of four.

Regardless, sounds like you need to do some counting.

Looks like IRS deposited $354 into my account. Still processing. Why so small? Married with 3 kids, wife is a SAHM. AGI probably right around 150

DeTron Lames wrote:

My household income is like 195k and we will get nothing.

We pay through the nose, too. So much for "we're just giving taxpayers back their money."

Thanks for your service!

DeTron Lames wrote:

My household income is like 195k and we will get nothing.

We pay through the nose, too. So much for "we're just giving taxpayers back their money."

What's your AGI been the last five years?

Are you just bending over and paying through the nose to the gov or are you maximizing your deduction capabilities to lower your AGI, save your own money and lower your tax bracket (sounds like you could be on the cusp of 24 vs 22%)?

This is the thread where the poor people of LRC post about getting government assistance (ie stimulus checks). The rest of the year they pretend to make over 500k but still think they are middle class.

Hopefully all of you that received your stimmy had already filed 2020 taxes. If 150K is based on your 2019 income and you ended up making over 160K in 2020 you will owe money back in 2021.

You are welcome.

Don't worry folks. Inflation isn't coming. Giving people boatloads of cash to buy stuff while not producing will not impact prices.

Funny, I just sent the IRS $2,000 to settle my taxes for 2020 (in addition to the ~$35,000 I’ve already sent them).

So...enjoy the redistribution of wealth!

I'm tired of you moochers. I am an alone parent (spouse died) with two dependent children with an income less than $125K and I have received no stimulus money at all. You can thank me now and in the future for paying my taxes so that your well to do intact family can have a nice vacation together.

Our household income is in the 200,000 range but my wife and I file separately. She makes much less than me and claims our child. Had we filed jointly we get nothing. We filed separately and got the 4,800 because of it.