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I think I paid taxes on stimulus.....did I need to?

 
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I think I paid taxes on stimulus.....did I need to?

The stimulus payments are not taxable income and are not reported on a tax return as income.

I think I paid taxes on stimulus.....did I need to?

You mean on the first and second stimulus checks?  Did you get the right amounts last year?  Did any more show up on your tax return line 30?  That should only be if you qualified for more.

 

You do not enter them as income.  You are not paying tax on them and they are not deducted from your refund. Turbo Tax started out by assuming you didn't get it and giving you credit for the whole amount so your refund was too high to begin with. Then when you entered what you already got the starting refund was reduced or the tax due increased. Otherwise you would be getting the Stimulus amount again on your tax return.

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