The Recovery Rebate Credit is calculated based on your 2020 income, whereas the stimulus payments were based your 2019 tax return or last return filed. If a taxpayers' situation changes in 2020, they could get a partial or the full stimulus payments based on their 2020 income.
Per the IRS, your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $75,000 if you filing single. The credit phases out at a rate of 5% for your adjusted gross income over $75,000.
Since you stated you are making around half of what you made in 2019, you now qualify for the the stimulus payments filing single with no dependents, with a slight phase out for making above $75,000. The credit is correct on your tax return.
For additional information, please see the IRS website for the Recovery Rebate Credit.
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