Is the Stimulus Check Taxable?

I received both the $1200 and $600 Stimulus check. Do I need to include the checks as income?

Answer: The stimulus check of 2020 is not treated as income. Instead, it is classified as tax credit for tax year. Therefore, you do not need to pay any additional taxes on the stimulus check. You do not need to report it on the tax return.

(Visited 2 times, 1 visits today)

Was this article helpful?

Related Articles