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Get your taxes done using TurboTax
@3DBuckeye You do not have to pay it back. The IRS hurried to get those checks out last year so they used prior year tax information. But if you received it based on 2020 income you got lucky and get to keep it. If you had NOT received it last year you would not be able to get it based on a too-high 2021 income. You do not have to enter anything about it on your 2021 return. Just leave line 30 blank and you are fine.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 2, 2022
7:37 PM