Many people have received the “wrong amount” of stimulus payment. Here are a couple of things you can try if you’re one of those taxpayers.
Calculate the correct amount
To begin, you’ll need your AGI from the last tax return you filed.
Then either use do your calculation or check out our stimulus payment calculator.
Payments are subject to income thresholds.
To receive a stimulus check, your adjusted gross income (AGI) must not exceed:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
If you have children under 17, you’ll eligible to receive up to $500 per child (subject to the same income thresholds).
Your payment is reduced by 5% for every dollar above the threshold.
Wait for a letter from the IRS
The IRS will send all stimulus recipients a letter in the mail 15 days after the payout. The letter should confirm how the amount was calculated and steps to take if the amount needs to be corrected.