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Keyword: irstaxreturn

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  • Stimulus checks are not taxable income

    03/06/2021 3:58:28 AM PST · by sodpoodle · 17 replies
    25ABC ^ | 2/8/2021 | Hannah King
    BRYAN, TEXAS — Tax filing season is upon us. On February 12, the IRS will start accepting and processing 2020 tax returns. With confusion surrounding the addition of stimulus checks, experts want to remind everyone that stimulus checks are not taxed. "They are not taxable. The only reason they are having us report them is because some people may not have received the full amount of stimulus they were eligible for. If that's the case, then they will actually get a credit on their tax return," said Jonathan Jones, owner of Bottom Line Bookkeeping in Bryan, Texas. Jones is an...