@charandy wrote:
The answer was just as confusing as what was asked. Am I wasting my time looking for a stimulus check based on my 2019 taxes which I WAS qualified for - for the first 2 stimulus checks? Are you now saying that they are going to look at my 2020 taxes anyway once they get them, and ask me to return the stimulus check I received based on my 2019 taxes?
First, you do NOT return any stimulus payments already received.
Second, the Recovery Rebate Credit is based on your 2020 federal tax return, filing status, dependents and the 2020 AGI.
Go to this IRS website for Recovery Rebate Credit information - https://www.irs.gov/newsroom/recovery-rebate-credit-topic-b-eligibility
A1. The eligibility requirements are the same for the Recovery Rebate Credit as they were for the Economic Impact Payments except that the credit eligibility and the credit amount are based on your 2020 tax year information. The Economic Impact Payments were based on your 2018 or 2019 tax year information.
