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No, you will not have to return the payment you received.
No. You don't have to repay anything if the stimulus you received is more than you qualify for on your 2020 return. However, her other parent will receive the $1400 round 3 payment and you will not.
Where is this written or documented? I would love to give her the $ but I’m afraid I will have to pay it back once they compare my returns.
Thank you!
This was the round 3 payment. He will claim her but makes too much $$ for any stimulus relief.
Thanks!
If you already received a round 3 payment for someone who is not on your 2020 tax return, I don't see any guidance from the IRS on that situation yet. They seems to be focused on pushing the money out rather than posting tips to their web site. I don't see any reason why the rules would be different than for round 1 and 2, which did not have to be paid back. However, if you are concerned, you may want to save the money until the IRS releases more information later this year.
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