topic Why if the Economic Impact Payment isn't considered taxable income why am I getting taxed for it? in Get your taxes done using TurboTax

Why if the Economic Impact Payment isn't considered taxable income why am I getting taxed for it?

aussiedog042766 — Mon, 09 Mar 2026 05:30:57 GMT

Re: Why if the Economic Impact Payment isn't considered taxable income why am I getting taxed for it?

Mike9241 — Sun, 20 Feb 2022 04:21:57 GMT

you're entering it in the wrong place if it shows up as taxable income on the Federal return. you may need to contact support so it gets entered correctly. you can allow them to see what you did.

5am-5pm Pacific Time (8-8 Eastern) Monday - Friday
https://support.turbotax.intuit.com/contact

800-446-8848

Re: Why if the Economic Impact Payment isn't considered taxable income why am I getting taxed for it?

VolvoGirl — Sun, 20 Feb 2022 04:24:35 GMT

Where is it showing up as taxable?

It is not taxable and you aren't paying it back. Your 2021 return starts out by assuming you didn't get any Stimulus payments so it gives you credit for the full amount and your refund was too high. Then near the end you enter how much you actually got so it only gives you the difference if any. So you don't get it again.

Look at your tax return. It is not added as income anywhere or subtracted anywhere. The Recovery rebate credit on line 30 is only if you didn't get the Stimulus payment or qualify for more.

Re: Why if the Economic Impact Payment isn't considered taxable income why am I getting taxed for...

FangxiaL — Sun, 20 Feb 2022 04:25:29 GMT

Where did you find that information that you are being taxed on the stimulus payment?

It is not taxable income, and if you have received it already, you won't receive it again when you file your taxes.