The stimulus you already received was really a pre-payment of a 2020 tax credit. When we prepare your 2020 tax return, we calculate the total 2020 stimulus tax credit based on your 2020 tax information (income, dependents, etc) and then subtract what you have already received. If you are due more stimulus, you get it with your 2020 tax return (in the form of an increased refund). If you have received too much stimulus pre-payment, then you don’t have to pay any of the overage back to the government. Be sure to tell us the exact amount of stimulus that you have already received so that we can correctly calculate how much additional stimulus you may be owed
Accounting and Consulting