Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 3 weeks ago

Will those stimulus checks have to be claimed as income on  taxes?

8 Answers

Relevance
  • ?
    Lv 6
    2 weeks ago

    Nope. The so-called economic impact payments are not treated as income. In fact, they're technically an advance on a tax credit, known as the Recovery Rebate Credit.

  • RICK
    Lv 7
    3 weeks ago

    Nope.             

  • R R
    Lv 5
    3 weeks ago

    No, stimulus checks are Credits on your taxes.

  • 3 weeks ago

    No, they are not taxable income.

  • Anonymous
    3 weeks ago

    You would enter them on a worksheet.  The tax return represents a second chance for some people to get the stimulus and the worksheet prevents you from claiming it twice.

  • Anonymous
    3 weeks ago

    No it's not taxable, and you do not need to enter it on your tax form.

  • ?
    Lv 7
    3 weeks ago

    No.  I just did my taxes and it was not a part of filing.

  • Judy
    Lv 7
    3 weeks ago

    no.........................................

Still have questions? Get your answers by asking now.