Treasury and IRS begin delivering 2nd round of Economic Impact Payments to millions of Americans. Do you report stimulus checks on your taxes? Congress has approved two rounds of Economic Impact Payments, informally called stimulus checks. One set of payments was distributed last spring; the other went out this winter.
STIMULUS CHECKS ARE NOT TAXABLE. You do not have to report them as income. The only action you have to take regarding your stimulus checks and taxes is if you received the wrong amount of money. If you think you were eligible for a bigger stimulus check than you got - because, say, you had a baby in 2020 or encountered an issue with your bank account - you may be able to claim the credit.
STIMULUS CHECKS ARE NOT TAXABLE. You do not have to report them as income. The only action you have to take regarding your stimulus checks and taxes is if you received the wrong amount of money. If you think you were eligible for a bigger stimulus check than you got - because, say, you had a baby in 2020 or encountered an issue with your bank account - you may be able to claim the credit.
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