Skip to main content
Level 3
April 30, 2020
Question

Stimulus payment

  • April 30, 2020
  • 3 replies
  • 27 views

Are the stimulus payments  going to be taxable income for 2020 returns?

This topic has been closed for replies.

3 replies

IRonMaN
Level 15
April 30, 2020

If they received a payment, it will reduce the credit that they would have been entitled to on the 2020 returns.

Slava Ukraini!
pg47Author
Level 3
April 30, 2020

Thank you.

IRonMaN
Level 15
April 30, 2020

You betcha!

Slava Ukraini!