They are not going to request the stimulus money back but they can make an adjustment on your tax return essentially paying back part of the stimulus you were not entitled to, but you are not going to have to send money back. The repayment will be part of your tax return.
You were eligible for the 3rd stimulus payment if you were a U.S. citizen or U.S. resident alien during 2021, you were eligible for $1,400 ($2,800 for a joint return), plus $1,400 for each qualifying dependent, if you (and your spouse if filing a joint return) were not a dependent of another taxpayer on a 2020 tax return, have a valid Social Security number (SSN) (see exception when married filing jointly and exception for qualified dependents) and your adjusted gross income (AGI) did not exceed:
- $150,000 if married and filing a joint return or if filing as a qualifying widow or widower
- $112,500 if filing as head of household or
- $75,000 for eligible individuals using any other filing statuses, such as single filers and married people filing separate returns.
Payments were phased out – or reduced – above those AGI amounts. This means taxpayers did not receive a third payment if their AGI exceeded:
- $160,000 if married and filing a joint return or if filing as a qualifying widow or widower
- $120,000 if filing as head of household or
- $80,000 for eligible individuals using other filing statuses, such as single filers and married people filing separate returns.
You were not eligible for a payment if any of the following apply:
- You could be claimed as a dependent on another taxpayer’s 2020 tax return
- You were a nonresident alien.
- You did not have a valid SSN issued to you by the due date of your tax return (including an extension to October 15 if you requested it).
Also, payments were not made to estates or trusts or for individuals who died before January 1, 2021.
In your case, because your income falls into the phase-out threshold you should report the entire amount received. You would not have been entitled to the full $1,400 for your son.
Yes, they can take a portion of your and your husband's and your dependent's 3rd stimulus payment if your income exceeded the income threshold and/or you fell into the phase-out threshold.
No, you do not have to return one of the stimulus payments, the adjustment will be made with your tax return.
FAQs for the 3rd Stimulus Payments FAQ's for the 3rd Stimulus Payments
