6. You’re “rich”
Making way too much money has its pitfalls, especially when it comes to stimulus checks. If your income is “too high,” in Uncle Sam’s opinion, you won’t be able to get a stimulus payment. Eligible Americans can get $1,400 ($2,800 if they file jointly), and each dependent in a given family can receive another $1,400 check.
Yet, not every single American is entitled to get the full amount. Your stimulus payment is reduced if your AGI is above a certain amount. If your AGI was over filed $75,000 on your 2019 or 2020 tax return, your stimulus check would most likely be phased out.
Here Are the Biggest Money Regrets of 7 Famous Billionaires
1 thought on “7 Likely Reasons Why Your 3rd Stimulus Payment Could Be Late”
I am 76 years old and I depend on my SS Check every month. It is what I survive with when it arrives if it ever arrives. I don’t understand why it takes so long to arrive. Thank you if you send me a response.
Sincerely,
Iris B.