The 2020 tax return you are filing now will not be adjusted for the 3rd stimulus. Only the first 2 payments affect the 2020 return. The recovery rebate will be included if either one of the first payments was less than what you qualified for. If you were overpaid, no adjustment is made; you just keep the excess.
We are waiting on guidance regarding the 3rd stimulus payments that are going out now, specifically, guidance on how these will be reconciled. However they are reconciled will be determined later, but it will not affect the processing of your 2020 return.
They have mentioned possibly sending out supplemental payments in cases where the initial payment for the 3rd stimulus was less than what a household qualifies for. For example - the IRS used the 2019 return and issued a check for $2800, but when the 2020 return is filed, the family qualifies for a $3200 payment. But they have not confirmed exactly how or if they are going to deal with these cases before next year.
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