Is the stimulus payment taxable as 2020 income?

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Monique - Thrive Moderator🌱

• April 24, 2020 23:23

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  Christeven Estrada

  • April 24, 2020 23:27
  • Edited

   Monique - Thrive Moderator🌱
  
  Great question! According to the IRS, No, the payment is not to be included in your gross income. Also it will not reduce your refund or increase the amount you owe when you file your 2020 federal income tax return.
  
  You can learn more on the IRS website here

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