@danleach - please note the last line of my prior comments
If you received too much, by law, you are not required to return it
you are correct, the government wouldn't want to go there and the CARES ACT mandated no return of stimulus could occur if you were overpaid.
Also, reread my comment again. It;s not an estimate of 2020, it's the ACTUAL when you file next year!
here is one article on the topic.
https://www.businessinsider.com/personal-finance/will-we-have-to-pay-back-stimulus-check-2020-4
and here is the CARES ACT - note is states '2020 tax year' - not 2018 / 2019
SEC. 6428. 2020 RECOVERY REBATES FOR INDIVIDUALS.
‘‘(a) IN GENERAL.—In the case of an eligible individual, there shall be allowed as a credit against the tax
imposed by subtitle A for the first taxable year beginning in 2020 an amount equal to the sum of—
(1) $1,200 ($2,400 in the case of eligible individuals filing a joint return), plus
‘‘(2) an amount equal to the product of $500 multiplied by the number of qualifying children (within the meaning of section 24(c)) of the taxpayer.
are you a believer now? 🙂
