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Money and Finances
Reply to "PSA - There is a stimulous calculator on the Washington Post Site"
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[quote=Anonymous]it's a 5% phase out of income over $150k (if married). So if you are married with one child your potential full amount is $1,200 * 2 + $500 * 1 = $2,900. Then if your AGI is 200K, that is 50K over the phase out (200k - 150k). 50k * 0.05 = $2,500. Your potential credit is reduced by this amount. $2,900 - $2,500 = $400 remaining credit you will get.[/quote]
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