The Recovery Rebate Credit is calculated into your overall tax refund and will either increase a refund or decrease the amount of tax owed. The amount of your credit would be shown on Line 30 of your 1040 Form. Please check this line of your tax return to see what the amount of your credit was.
When you were completing your return, you had to include both payments in the recovery rebate form for the credit to calculate correctly. If you did not include the second payment received, your credit (and therefore amount of your refund or tax due) would be adjusted for the amount you received.
Lastly, the Recovery Rebate Credit is calculated based on your 2020 income. Per the IRS, your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $150,000 if you are married filing a joint return or filing as a qualifying widow or widower, $112,500 if you are using the head of household filing status, or $75,000 if you are using any other filing status.
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