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Weird Stimulus Timing/Credit

Looking for some advice, because trying to get through to an IRS person on the phone is tricky.

 

- For 2019, I owed taxes.  In summer-ish of 2020 I got approval for the IRS to go onto a payment plan. (remember we were able to file later than normal last year because of Covid).

- For all of 2020, I never received the first stimulus check, even though I qualified for it.  Whenever I checked online it just said that they didn't have any info on it.  

- Suffice to say, I didn't pursue it too much because I figured I'd just get it credited when I file my 2020 taxes (and it would go to the outstanding balance owed on my payment plan).  

- Note: I did receive Stimulus check 2, in paper check form. 

- I filed my 2020 taxes with TurboTax and they were accepted by the IRS on Feb 11.  In this filing it did include the fact that I received Stimulus check 2, but not 1.  Thus the total refund included the 'never received' stimulus check 1.  Again, I understood it would just be credited to my outstanding balance/payment plan.

- On 2/19, I actually received, via direct deposit (out of the blue), the missing stimulus check 1 direct deposit, which I am happy for.  

 

Here in lies the quandary, my 2020 taxes that I filed, technically overstate the refund I am due now.  Will the IRS just reduce my refund by the Stimulus check 1 amount?  I'm fine with that.

 

Or, will it be rejected?

 

Wondering if I should some how refile it.

 

Thanks

 

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1 Reply

Weird Stimulus Timing/Credit

You do NOTHING ... the IRS will automatically correct your return for you.  IF for some reason they don't then, and only then,   you should amend the return to send the excess credit back.  

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