We (my wife and I) received the full amount for the first stimulus check. Our 2018 income was used and we were under the cutoff. Due to inheritance our 2019 income was over $200,000 so we did not get the second (EIP 2) check.
Now I am figuring our 2020 taxes and we are back around the $150,000 cutoff. It looks like we can get most of the $1,200 stimulus as a Recovery Rebate Credit on our taxes.
(a) is this correct? and (b) does that mean they will use our 2020 taxes for any future stimulus payments?
