Income Taxes and Stimulus Payments – Are Your Payments Taxable?

It sure was nice for many of us – getting that pandemic-induced money we’ve come to know as “stimulus payments” last year. But now that the annual income tax season is in full swing, many are wondering whether that much-needed money doled out last year will become part of our taxable income when we file our taxes this year, and affect taxation of our Social Security benefits. Well, the short answer is no, as revealed in this Kiplinger article by Rocky Mengle, but there are some other things you should also know about those payments – for example, what about State income tax? And what if you didn’t get the stimulus check payment at all? Click here to find out all you need to know about last year’s stimulus payments.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers