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Level 2
April 3, 2020
Question

Does the Economic Relief Check have to be paid back when I file my 2020 taxes?

  • April 3, 2020
  • 3 replies
  • 13 views
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3 replies

DoninGA
Level 15
Level 15
April 3, 2020

No.

Level 2
April 3, 2020

Thanks for the reply. Could you or anybody send me a link to where it states this. I've tried searching but couldn't find anything. Thanks again. 

DoninGA
Level 15
Level 15
April 3, 2020

@spmongeon29 wrote:

Thanks for the reply. Could you or anybody send me a link to where it states this. I've tried searching but couldn't find anything. Thanks again. 


From the Business Insider a respected financial publication - https://www.businessinsider.com/personal-finance/stimulus-check-too-big-too-small-what-to-do-2020-3

 

What happens if you get paid too much? Is the money taxable? Nothing and no. It really is no-strings-attached government aid.