For individuals, there is a $600 stimulus payment for each individual and each qualifying child. It starts phasing out at $75,000 for individuals and $150,000 for couples. Most people who got the first stimulus payment should have already received the second payment by now. On www.IRS.gov there is a place where you can check in about your stimulus check. This check is an advance of your 2020 tax credit. Don’t worry if you didn’t get it. There is still an opportunity to get it when you file your 2020 tax return.  This credit is very confusing to people. So, the stimulus payment is a credit – there is no repayment, and it is not taxable. When they sent out the advance, they looked at your 2018 or 2019 tax return. If your return was lower in those years, then you got the credit. When you file your 2020 tax return, and your income is higher, you still don’t have to pay it back if you don’t qualify for it anymore. Check with your tax professional if you need more guidance on what you are eligible for.   Connect with Financial Enhancement Group: Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits Visit our website at www.yourlifeafterwork.com   We would love to answer your questions on air! Call Angi at (800) 928-4001 or send them to TalkToFEG@yourlifeafterwork.com