The most oft-asked question about stimulus checks

Q: What if you had extra one-time income (an IRA withdraw for example) and exceeded the income limit to receive an advance stimulus payment?

A: The law specifies that stimulus checks are based on a temporary, refundable tax credit for tax year 2020. If your income will be substantially less this year and you otherwise qualify, you’ll be able to claim the appropriate stimulus amount when you file your 2020 tax return as an additional credit over and above any existing refund.

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