According to the Tax Foundation, if you received too little because your income was higher in the year the IRS based your check off of then it was in 2020, you will get the difference when you file your taxes.
In these cases, the IRS says you will not need to pay the money back. Per the agency: “There is no provision in the law requiring repayment of a payment. You won’t be required to repay any payment when filing your 2020 tax return even if your qualifying child turns 17 in 2020 or your adjusted gross income increases in 2020.″
If you received money for a deceased family member, it is still a little unclear as to what you should do. Use the information from the IRS letter to get some clarity, though tax experts think you won’t have to pay it back.
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