@coolcats98
Q. When filing in 2021, will I receive a credit or a refund?
A. First, you'll receive a credit; then you'll receive a refund.
In 2021, "it" will be a refundable credit. So, yes, the $1,200 (or however much is left over after deducting tax liability) will be posted into your bank account.
They won't be sending out more than one stimulus check. You'll either get it this year or next. Not both. If next year, yes it will be posted into a bank account after filing taxes.
Yes, it's a number on the tax form? But it' a real number.
