Quote:
Originally Posted by joey2665
Yes it’s a credit not a deduction. Additionally it really doesn’t matter when you file. If you receive the next round of stimulus in 2021 you will also need to do a reconciliation with that return and if you receive all or part of a stimulus you are not entitled to you will need to repay
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Are you saying that the new stimulus will be based on 2020's tax returns either way (which means that if I showed an increased income over '19 that I'd have to repay in '21)?
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