"HW "Skip" Weldon" <skip5700removethis@[EMAIL PROTECTED]
> wrote
>I have been under the impression that for
>married-filing-joint the
> phase out (for the stimulus plan checks) begins at
> $150,000 of
> adjusted gross income (2007 Form 1040, line 37).
>
> Recently I saw the income limit expressed as "earned
> income plus
> social security").
I suspect the sentence above is one of those poorly done
soundbites from a media source, maybe before Congress and
the IRS nailed down exactly how income would qualify. As you
probably know, none, some, or all of SSI may count towards
AGI, depending, so this throws a wrench into calculation of
the stimulus payment.
The IRS "Economic Stimulus Payment" calculator linked at
http://www.irs.gov/newsroom/article/0,,id=177937,00.html#Calculator
is very helpful.
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