I am eligible for stimulus check based on 2018 returns but not on 2019 returns. I received a stimulus check despite filing 2019 tax papers in Feb 2020. Should I keep it?

[harikesh89]

Despite filing early this year, the IRS did not process this year's return. Therefore, they went by my 2018 tax return information and sent me a check. Should I keep it or should I return it?

[CatinaT1]

This FAQ site should answer your question.

https://www.irs.gov/coronavirus/economic-impact-payment-information-center

[harikesh89]

Dear CatinaT1,

The irs website you mentioned has no information pertaining to this particular scenario. Would you be able to provide more insight? 

[CatinaT1 · Accepted solution]

This is the only information we have.  Watch for updates.

Q29. I think the amount of my Economic Impact Payment is incorrect. What can I do? (updated May 14, ...

A29. Payment amounts vary based on income, filing status and family size. If you filed a 2019 tax return, the IRS used information from it about you, your spouse, your income, filing status and qualifying children to calculate the amount and issue your Payment. If you haven’t filed your 2019 return or it has not been processed yet, the IRS used the information from your 2018 return to calculate the amount and issue your Payment. The IRS is not able to correct or issue additional payments at this time and will provide further details on IRS.gov on the action people may need to take in the future.

Q43. Will I need to provide information or reconcile the Economic Impact Payment on my 2020 taxes wh...

A43. Keep the notice you received regarding your Economic Impact Payment with your 2020 tax records. These notices are mailed to each recipient’s last known address within 15 days after the Payment is made. The IRS will provide information on what actions you need to take when you file your 2020 tax return when they are available.

[harikesh89]

Thank you so much. Appreciate your quick response. I think you have answered my questions