Tax guide

What are the phaseout limits for the new $600 stimulus payment?

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If you make more than $75,000 per year ($150,000 for couples), the $600 per individual begins to phase out. Taxpayers who make more than $87,000 ($174,000 for couples) will not qualify for a stimulus payment.

It’s not clear whether this applies to the $600 per dependent, but it’s likely.

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