Tax on COVID Stimulus Check

rgbloomfield — Fri, 19 Mar 2021 13:50:57 GMT

My Federal Tax refund for 2020 shows $401. When I include my Stimulus money of $3600, I owe $3199. Is this correct?

Re: Tax on COVID Stimulus Check

xmasbaby0 — Fri, 19 Mar 2021 13:55:28 GMT

No. Stimulus money is not taxable so you are misinterpreting something. Look at your actual Form 1040. What do you see on line 30? What do you see on line 34? Or on line 37?

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

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Tax on COVID Stimulus Check

Re: Tax on COVID Stimulus Check