Repaying Third Stimulus

[wacowgirl]

Hi all,

I'm doing my taxes right now (I know, so close) and I was receiving a refund of $3. BUT when I put that I received the Letter that I received the third stimulus check, my return jumped up to me owning $1400, the same amount as the stimulus check. 

This doesn't sound correct as it is my understanding that this was not supposed to be repaid. I opened the worksheet and it also says I shouldn't repay it.

Can anyone explain this to me?  

[KrisD15]

You are not repaying it, but the credit is first applied to your return. This means you may have owed 1,397, but the credit for the stimulus (1,400) resulted in a refund of $3. 

Once you report that you already received the payment, that 1,400 credit is removed.

[wacowgirl]

That's what I thought. It was just weird for it to go from $3 to -$1400. I went away from my computer for a bit and when I came back to work on it, it was back to $3. Oy vey!