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" ... What creates the urgency around filing is that the credit will be refunded in advance. It will be trued up on your 2021 return by a reduction for the advance payment, but the reduction does not reduce the credit below zero. So if you get an advance refund of the credit, which some of us would refer to as a stimulus check, you don't have to pay it back if your 2021 income ends up being over the threshold. ... "