I was the one that posted the original question on how the increase in 2020 AGI over 2019 would affect the third stimulus payment. I held off on filing our 2020 taxes since it is reflecting an AGI of $169,000 which would be over the phase out limit. Based on our 2019 filed AGI of $109K, we received the full $5,600 third stimulus [MFJ + 2 minor adopted children] last week.
I'm getting ready to file our 2020 taxes. You commented above that "The third stimulus will be reconciled with the filing of the 2021 return." Just how will this be 'reconciled' ? Can I anticipate our pending 2020 filing being adjusted via our anticipated 2020 refund being reduced/negated by the third stimulus amount received?
