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A filer will complete late 2019 and 2020 individual returns after 11/21/2020 but before 12/31/2020. Can they claim the economic stimulus payment on 2020 or 2021 return?

This assumes the 2019 return confirms elilgible income limits.
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2 Replies

A filer will complete late 2019 and 2020 individual returns after 11/21/2020 but before 12/31/2020. Can they claim the economic stimulus payment on 2020 or 2021 return?

Hal_Al
Level 15

A filer will complete late 2019 and 2020 individual returns after 11/21/2020 but before 12/31/2020. Can they claim the economic stimulus payment on 2020 or 2021 return?

"In essence, the stimulus check acts as an advance of your 2020 income tax refund. This means when you prepare your 2020 income tax return, there will be a line to include the section 6428 credit. The credit on your 2020 return is subtracted by any amount received as a stimulus check in 2020. If the amount you received as a stimulus check is less than the credit you are due, the difference will be included as part of your 2020 refund. If you have been overpaid by receiving the stimulus check, however, you will not be required to return any excess amount".

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