In the first round of stimulus payments, individuals earning less than $75,000 in adjusted gross income qualified for the full $1,200 payment, and married couples filing a joint return with income of less than $150,000 qualified for $2,400. The federal government offered $500 per dependent child to certain taxpayers. People who made more qualified for smaller amounts, and it was phased out for individuals whose income exceeded $99,000 or $198,000 for joint filers with no children.
Tax season has begun, and it’s going to be messy this year. Here are the COVID-19 answers you need.
