Is stimulus payments -EIP-1 and EIP 2 taxable ?
I wonder if the stimulus check one received in the year 2020, taxable income.
Prashant Thakur Changed status to publish January 11, 2021
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