Stimulus payments received do Not have to be paid back.
If you are not eligible for the Recovery Rebate Credit on your 2020 tax return then the questions for stimulus payments will not be asked.
IRS website for Recovery Rebate Credit FAQ's - https://www.irs.gov/newsroom/recovery-rebate-credit-topic-b-eligibility
Generally, if you were a U.S. citizen or U.S. resident alien in 2020, were not a dependent of another taxpayer and have a Social Security number that is valid for employment, you are eligible for the Recovery Rebate Credit. Your credit amount will be reduced if your adjusted gross income (AGI) is more than:
- $150,000 if married and filing a joint return or filing as a qualifying widow or widower
- $112,500 if filing as head of household or
- $75,000 for eligible individuals filing as a single or as married filing separately.
Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above.
