ScottG wrote:
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.
True, but it is an advance of an anticipated refund you will get in 2021 when when you file your 2020 tax forms. If you don’t typically get a refund that large, you might want to make plans accordingly.
:):)
