KarenJ2
Expert Alumni

After you file

The payment is not taxable income.  The reference to your 2020 tax return is that if you have not previously received your stimulus payment when you file your 2020 tax return, it will be an additional refund on your 2020 tax return.  It would be a refundable tax credit.  

 

The IRS will not reassess your income in 2020 for the payment you already received.  Forbes: Stimulus Payment and 2020 tax return

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