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@frank97 The IRS will NOT use your 2019 income to give you the recovery rebate credit now.  They will ONLY use your 2020 income.    If your 2020 income is too high your credit will be phased out.  And....if you are on a payment plan for back taxes, the credit will be used toward the tax you owe.  They will send you a letter when they take the refund.

When the IRS sent out the first stimulus check in 2020 they had to send those checks out in a hurry so they used information from 2018 or 2019.   But now that tax year 2020 is over, they will only use information from 2020 to determine the amount you get---they will not go backwards and use 2018 or 2019.   

The amount for the 1st or 2nd EIP payment is phased out at these income levels:

• $150,000  if married and filing a joint return
• $112,500 if filing as  head of household or
• $75,000  for eligible individuals using any other filing status
  Your payment will be reduced by 5% of  the amount by which your AGI exceeds the applicable threshold above.

 The IRS is issuing 3rd stimulus checks on its own timetable.

You can use the IRS Get My Payment site to see what is expected for your 3rd stimulus check:

https://www.irs.gov/coronavirus/get-my-payment

There is a phaseout for the 3rd stimulus payment based on your 2020 income:

Eligible individuals don’t need a minimum income for the third payment. However, for higher income individuals, the payment amount is reduced when their adjusted gross income exceeds the following thresholds:

• $150,000 for taxpayers filing a joint return or filing a return as a qualifying widow or widower
• $112,500 for taxpayers filing as head of household
• $75,000 for eligible individuals using any other filing status

The third payment is reduced if their AGI is above these thresholds. No payment is made when AGI is at least the following amount:

• $160,000 for taxpayers filing a joint return or filing a return as a qualifying widow or widower
• $120,000 for taxpayers filing as head of household
• $80,000 for eligible individuals using any other filing status

The 3rd EIP payment cannot be offset for your back taxes owed.

More information regarding the 3rd stimulus payment:

https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-a-g...