Facts About Stimulus Checks
The government sent out an unprecedented amount of money to help Americans deal with the COVID-19 pandemic. It’s easy to tell if you received a payment, but it can be complicated to understand the finer details of the policy. And there are many.
Perhaps the biggest myth about government stimulus checks is that they are taxable. Not true. The money is considered a credit against your taxes. It actually reduces your taxable income in the form of a credit. Another beneficial fact for the taxpayers is that they will not be required to pay back the government for stimulus money received. Any further adjustments will be in their favor.
Here’s are more facts and fiction regarding stimulus checks from CNBC-TV.
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