You do not have to pay it back; you get to keep it. Since you qualified based on your lower 2019 income, it doesn't matter if you did well in 2020 and don't qualify now. Congrats, you are a rare case in 2020, but the IRS has stated that payments do not have to be repaid. You are not going to get the stimulus questions in TurboTax if you do not qualify based on your 2020 income. Keep in mind, you are dealing with the IRS and that is what they have said. I make no promises as to what they may say later, but I highly doubt they will backtrack on that. @Whizkid151
If you want to return it, you can, but you are not required to. What should I do to return an Economic Impact Payment (EIP) that was received as a direct deposit or...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
