TaxGuyBill
Level 15
01-31-2021
07:42 PM
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No, that is not correct. The credit/rebate is based on 2020 AGI only.
The advanced payments (stimulus checks, or EIP) could have been based on their 2018 or 2019 AGI, but that was just an estimated payment for the 2020 credit, which is only based on the 2020 AGI.