Hello,  I am new to the community.  Would much appreciate your clarification on this matter please; is regarding the Recovery Rebate or Refundable credits, a/k/a Stimulus check  during TY 2020.

Simple scenario  -  (Single, no dependents)

1. The EIP1 check ($1,200) was received by clients in 2020, no issues there....   The EIP2 check ($600) was received in 2021...  My question is:  Do we report or recognize the EIP2 ($600) in TY 2020 or 2021?  Since it was received in FY 2021, but issued in 2020.

2.  Is there a table or schedule for TY 2020 that reflects the client's liability owed from the stimulus amount received -vs- the earned income?  Is there a threshold amount?   I noticed that the lower the income the less they have to refund from the stimulus money and the higher the income the more is deducted.

Thanks in advance