Deductions & credits

Thank you for your reply!  I believe I understand what you have said however I'd like to confirm with you what I think I understand. 

 

The 1200 stimulus that I received was an advance on my anticipated 2020 tax refund, correct?

 

Additionally, the 1200 is not money that the government is giving me that is separate from the tax return I was expecting in the first place but rather just an early payment towards the tax return I was expected to get from my 2020 tax return?

 

Thanks again!

 

Mo