@Court122 wrote:
I tried to tell everyone I knew it was an Advance meaning they give it to you now then take it off the top at tax time no one wanted to listen to me now everyone I know is saying the same thing and their pissed
The $1,400 stimulus payment you received in the March - May 2021 timeframe was most defiantly NOT an advance. It was a government payment to you and is not entered on the 2021 tax return as taxable income.
However, you do have to indicate on the 2021 tax return if you received the 3rd stimulus or not. If you indicate that you did NOT receive the stimulus payment then you are eligible for the Recovery Rebate Credit of $1,400 on your federal tax return Form 1040 as a credit.
Once you file the 2021 tax return the IRS reviews your entries. If the IRS has records which show that the 3rd stimulus payment was sent to you they will remove the Recovery Rebate Credit from your tax return.
You cannot receive the same stimulus payment twice.
