Sorry, but that's still not explaining it.
In years preceding the stimulus payments, I would get substantial refunds. For some reason this year, the stimulus payment is making me owe money.
So, yes. It's a loan.
Oh, and someone needs to let these writers know that they are not providing correct information.
https://www.sloanlawfirm.com/how-will-stimulus-payments-affect-taxes/
https://www.the-sun.com/money/4528844/
So either the writers don't know what they're talking about, or the IRS is misleading us. This will GREATLY impact the economy this year if people are being forced to pay this money back.
