If you got the $1,200 stimulus payment this year you can keep it even if you would not have qualified for it in 2020 tax year. If you have not received it and qualify for it in the 2020 tax year you can file a return to claim it then.
Hey @Bsch4477 , thanks for your help. I did get the stimulus payment but Im afraid to use it since Im not sure if that would obligate me to have to fill taxes for the year 2020 since I wasn’t planning on it and Im also unsure on how and if I can use this money for whatever reason I want. I just dont know all that this stimulus payment impact relief money entails.
Thank you so much
This FAQ site may answer your questions.
https://www.irs.gov/coronavirus/economic-impact-payment-information-center
you file a return if you have income.
The $1,200 payment to you is not considered income and doesn't have to be reported.