Quote:
Originally Posted by Spott
Will the amount that someone is paid now just be reduced from their 2020 tax returns?
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The answer is technically a bit complicated, but the simple answer is no - you won't be taxed on the check in any way.
(Technically, you're getting an advance on a tax credit, so you won't receive the credit next year because you've already received it. But you wouldn't have gotten the credit without the stimulus bill, so you're not losing money in any way.)