Does The Stimulus Check Get Taxed
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The stimulus check you receive will not factor into your income tax liability.
Does the stimulus check get taxed. While that makes it sound like a stimulus check would be taxed as a form of income given that it is not directly excluded stimulus checks are considered an advance payment of a tax credit and. Because you re getting what amounts to a refundable tax credit now in the form of a stimulus payment rather than waiting to get the money from the credit in 2021 when you actually file your 2020 tax return you re in effect getting an advanced refundable tax credit.
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