@ThisIsMyTaxAccount Everything appears to be as it should be. You received the first stimulus payment based on 2018 tax return information. You did not get the round two stimulus as your parents claimed you on their 2019 return. Finally, you are eligible to receive the Recovery Rebate Credit on your 2020 tax return as long as no one can claim you on their 2020 tax return. The amount you are eligible to receive is $600 to cover the round two amount.
There is no provision to payback or penalize for any stimulus payments.
As for the future, nothing has been approved for a third round. If there is a third round the rules will be published at that time.
@Mandi116 Yes, you need to file a 2020 tax return to claim the Recovery Rebate Credit. You will enter $1 as interest income to allow the e-file with zero income. When you are ready to begin you can start here with TurboTax Free File.
Here is a link with more information on the Recovery Rebate Credit.
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