• What is adjusted gross income?

    6 days ago - By Business Insider

    Your adjusted gross income, or AGI, is used to determine whether you qualify for certain tax deductions and credits .
    For instance, in order to qualify to get a stimulus check from the US government's coronavirus relief bill, you need to have an AGI of less than $99,000 or $198,000 if you file taxes jointly .
    To find AGI, take your gross income and subtract above-the-line deductions, like contributions to retirement accounts and student loan interest.
    See Business Insider's picks for the best tax software ┬╗
    If you're a taxpaying American, chances are you've come across the term "adjusted...
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  • Coronavirus Relief Package: How Much Money Will You Get, And When?

    Coronavirus Relief Package: How Much Money Will You Get, And When?

    6 days ago - By CBS

    The $2 trillion stimulus bill passed in the Senate includes help for American families who are hurting financially due to the economic impact of the coronavirus: $1,200 checks for most adults and $500 for each of their children.
    The massive relief package will funnel $290 billion in direct payments to individuals and families. The measure isn't over the line yet as the bill must now go the House, but households are expected to get a check within weeks or months.
    That could provide a lifeline for the millions of Americans who have already been laid off or seen their income plunge as people...
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  • How to get a stimulus check from the US government, which could pay up to $1,200 if you qualify

    How to get a stimulus check from the US government, which could pay up to $1,200 if you qualify

    6 days ago - By Business Insider

    If the $2 trillion relief package approved by the US Senate becomes law, many Americans will qualify for one-time payments of up to $1,200.
    To get a stimulus check from the IRS, you need to have a Social Security number and live in the United States.
    The amount you receive depends on the adjusted gross income reported on your latest tax return .
    The IRS will disburse the funds according to the direct deposit information provided on your latest tax return or send a check to the address it has on file.
    This post will be updated as more details are released.
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