Will You Need to Pay Taxes for Stimulus Checks? No, IRS Announces that Stimulus Money is Tax-Free
By Feb 08, 2021 06:31 PM EST As filing for taxes comes near, many Americans wonder if they would need to pay taxes for the stimulus money they received last year; the good news is the Internal Revenue system announced that stimulus money is tax-free. According to the IRS, people will get to keep the money that they received from the relief efforts of the federal government for the pandemic. This applies to both the $1,200 stimulus check early in 2020 and the $600 that was distributed in December and January. Newsweek reported that in an Official statement, IRS announced that the stimulu...
Source: hngn.com