"HW "Skip" Weldon" <skip5700removethis[at]hotmail.com> wrote
- quote -

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/...tml#Calculator
is very helpful.

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On Mar 22, 8:23*am, "HW \"Skip\" Weldon"
<skip5700removet...[at]hotmail.com> wrote:
- quote -

The "Economic Stimulus Payment Notice" I received from the IRS says,
"Qualifying Income is earned income, Social Security benefits, and
certain veterans' payments." Qualifying Income is used to determine
the payment to people with no Net Income Tax Liability.

It goes on to say that "The stimulus payments are reduced for
taxpayers with adjusted gross income (AGI) of more than $75,000 (more
than $150,000 if married filing jointly).

So it appears that your first statement is correct.

Dave

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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").

Those can be different numbers. Can someone clarify?


-HW "Skip" Weldon
Columbia, SC

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