ColeenD3
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Other financial discussions

Not exactly.  It is an advance tax credit.

 

From Business Insider:

 

What is a coronavirus stimulus check?

The payment — which the IRS is calling an "economic impact payment," the government has named a "recovery rebate," and many people are calling a "stimulus check" — is technically an advance tax credit meant to offset your 2020 federal income taxes.

 

@Lowcash2012