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Why is the 3rd stimulus check creating a tax liability?
Preparing 2021 tax return: Married filing jointly, no children and have an AGI of under $100k. Prior to the question on the 3rd stimulus payment, we had a refund amount of $104. After answering this question, Yes, (we received the $1400 each), we now have a Federal Tax Due of $2,731. I thought the stimulus payments were not taxable and were not suppose to impact the tax returns? Help Please!!
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‎February 24, 2022
3:19 PM