Is stimulus payments -EIP-1 and EIP 2 taxable ? 461 viewsJanuary 11, 2021tax filing 0 Prashant Thakur450 January 11, 2021 0 Comments I wonder if the stimulus check one received in the year 2020, taxable income. Prashant Thakur Changed status to publish January 11, 2021 1 Answer ActiveVotedNewestOldest 0 Prashant Thakur450 Posted January 11, 2021 0 Comments Any stimulus payment i.e economic impact payments -EIP1 or EIP 2- you received are not taxable for federal income tax purposes, but they reduce your recovery rebate credit. see the IRS instruction 1040 for 2020 Prashant Thakur Changed status to publish January 11, 2021 You are viewing 1 out of 1 answers, click here to view all answers. Register or Login Related Posts Sorry, no posts were found.