(or a qualifying child (within the meaning of section 24(c)) of the taxpayer) is entitled under section 202 of the COVID-19 Tax Relief Act of 2020 exceeds the credit allowed under subsection (a) (determined without regard to paragraph (1)), the tax imposed under chapter 1 for the taxpayer’s first taxable year beginning in 2020 shall be increased by the amount of such excess. (B) Election to spread recapture over 3 years In the case of a taxpayer who elects (at such time and in such manner as the Secretary may provide) the application of this subparagraph, subparagraph (A) shall not apply and the tax imposed under chapter 1 shall be increased by 1/3 of the excess described in subparagraph (A) in the taxpayer’s first taxable year beginning in 2020 and in each of the 2 immediately following taxable years. (C) Certain taxpayers not subject to recapture In the case of a taxpayer that is not required to file a return with respect to income taxes under subtitle A for the taxpayer’s first taxable year beginning in 2020, subparagraph (A) shall not apply. (3) Joint returns In the case of a refund or credit made or allowed under subsection (g) with respect to a joint return, half of such refund or credit shall be treated as having been made or allowed to each individual filing such return. (g) Advance refunds and credits (1) In general Each taxpayer who was an eligible individual for such taxpayer’s first taxable year beginning in 2019 shall be treated as having made a payment against the tax imposed by chapter 1 for such first taxable year in an amount equal to the economic assistance amount (as defined subsection (b)) determined for the applicable prior taxable year. (2) Applicable prior taxable year For purposes of this subsection, the term applicable prior taxable year means— (A) the taxpayer’s first taxable year beginning in 2019, or (B) if information regarding such taxable year is not available to the Secretary (determined without regard to subsection (h)(1)), the taxpayer’s first taxable year beginning in 2018. (3)