The stimulus payment is technically an advance on the Recovery Rebate credit which is a tax credit against your 2020 income tax. It is based on your 2020 AGI.
The IRS has been sending out the first stimulus payment based on your 2018 or 2019 AGI, and the second stimulus based on your 2019 AGI. If you have received the first and/or second stimulus payments, and your 2020 AGI turns out to be above the income threshold, you do not have to repay the payments received.
Please read this IRS document for your information.
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