Received too much stimulus
For 2019 taxes, I could claimed 2 sons; for 2020 I didn’t. They each filed 2020 independently. I rec’d Dir Dep of $4,200 (for the 3rd stimulus @1400 each), but at least one son received his $1400 separately. I’m waiting to see if other son receives as well. Will I have to repay the $2800? If so, should I wait for the feds to come looking for it? Thanks!
Terry Says
You will not believe this, but you DO NOT HAVE TO REPAY THESE OVERPAYMENTS. I questioned the IRS three times on this, because I couldn’t believe it either! But if THEY made the error, and it was not an attempt atfraud on your part, you do not have to return the money. Enjoy!