Level 1

Do I report my stimulus as income?

I'm surprised turbotax hasn't gotten this question. If I received a covid stimulus check do I need to report it as income ?
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Get your taxes done using TurboTax

No, you do not report your stimulus payment as income.  However, you must report receipt of the stimulus payment so that you do not also receive the Recovery Rebate Credit. 


Here is how to report the receipt of the stimulus payment, again it will not count as income:

  1. Log into Turbotax
  2. Click Federal Review ( you should see "Let's make sure you got the right stimulus amount")
  3. Click Continue
  4. Click "Yes" and fill in the correct information
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