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Where are the adjusted stimulus check phase-out amounts for multiple kids?

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    Where are the adjusted stimulus check phase-out amounts for multiple kids?

    https://taxfoundation.org/cares-act-...c-relief-plan/ says that the phase-out limit for the Cares act stimulus checks increases if you have one or two children. What about 3 or 4? I didn't see mention of a different phase-out amount in the text of the bill: https://www.congress.gov/bill/116th-...-bill/748/text

    #2
    You are mis-understanding what you see at the taxfoundation.org site. They stopped drawing lines on their graph after two children, but they could have kept on going with as many as you wish, all the lines would look the same but just shifted over slightly.

    There is only one phase-out rate: 5% of amounts over AGI threshold. So for each child due a $500 credit, the phase-out upper limit increases by $10K, because .05 x $10,000 = $500. For example, with 5 eligible kids, you could make $50K more before being completely phased out, compared to someone with no kids, because 5 x $500 = $2,500 = 5% of $50,000.

    Or put another way, multiply your total credit by 1 / 0.05 = 20, and that will give you the size of the phase-out range.
    Last edited by Rapid Robert; 04-19-2020, 04:03 PM.
    "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard

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