The Internal Revenue Service said that the stimulus payments will not get taxed, will not minimize a person’s refund, or maximize the amount of money a taxpayer owns when filing his/her 2020 (or 2021) tax return.
However, if you’re eligible for a stimulus payment, there are other important things you and your family members should also know about stimulus payments. Click through to find out more!
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4 thoughts on “Will Uncle Sam Tax My Stimulus Payment?”
My wife and I have already given $1,200.00 to our daughter who is about to lose her job. We also plan to give her any additional new monies we receive. Where does that place us tax-wise–or her?
How about PPP. I’m a one man show so the PPP was to aid in replacing my huge losses as compared
to my 2019 income. Is that money going to be added to my tax bill?
I did not receive a stimulus check last yearor this year. I do not file a tax return as I don’t make enough money.
I did not receive a stimulus check last year. I did not file a tax return and did not make enough money.