Forum Discussion

CavemanCharlie's avatar
CavemanCharlie
Explorer III
Apr 03, 2020

Stimulus Check , what are you going to do with yours ?

I know that many people are going to need it to pay bills because they are layed off. But, I plan to donate much of mine to the places that I would have spent it at if I could have. For exampl...
Seeking Advice
ScottG's avatar
ScottG
Nomad
Apr 04, 2020
troubledwaters wrote:
gbopp wrote:
Nutinelse2do wrote:
1320Fastback wrote:
Put it in the savings account for when the feds come calling for it back.


This ^^^^^^

It’s a tax credit towards 2020 folks.

That's a taste of reality. :(
Except it's totally false unless you owe back taxes.


That's right. To be clear, the stimulous check isn't taxable and has no effect on your 2020 taxes.

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