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Whoa: Stimulus check may appear to reduce your tax refund


Whoa: Stimulus check may appear to reduce your tax refund
Woman enters stimulus on 1040, refund vanishes
Why does it appear your Stimulus Check lowers your tax refund, when the IRS says you will not be taxed on the stimulus?
and last updated 2021-02-05 13:28:17-05
As Americans start preparing their taxes, some are getting a case of sticker shock.
When they enter the amount they received for last year's stimulus check, their refund goes down, leading many to wonder if we are now getting taxed on those $1,200 checks.
Missy Stenger heard time and again that the stimulus check was not taxable, and that she would not have to pay it back.

Ohio , United-states , Americans , Missy-stenger , Roy-mitchell , Scripps-media-inc , Kunimura-mitchell-accountants , Waste-your , Scripps-media , ஓஹியோ , ஒன்றுபட்டது-மாநிலங்களில்

Don't worry, stimulus checks won't affect your tax return


Don’t worry, stimulus checks won’t affect your tax return
Woman enters stimulus on 1040, refund vanishes
Eric Gay/AP
FILE - This April 23, 2020, file photo shows President Donald J. Trump's name printed on a stimulus check issued by the IRS to help combat the adverse economic effects of the new coronavirus outbreak in San Antonio. The Mexican American Legal Defense and Educational Fund is suing the federal government over its denial of federal coronavirus relief payments to U.S. citizens who are married to immigrants without social security numbers. (AP Photo/Eric Gay, File)
By:
John Matarese
and last updated 2021-02-05 16:00:26-05

United-states , Americans , Missy-stenger , Roy-mitchell , Scripps-media-inc , Waste-your , Scripps-media , ஒன்றுபட்டது-மாநிலங்களில் , அமெரிக்கர்கள் , மிஸ்ஸி-ஸ்டெஞ்சர் , ராய்-மிட்செல்