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Old 04-05-2020, 11:17 AM   #16756
BigRedChief BigRedChief is offline
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Join Date: Dec 2003
Location: On the water
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VARSITY
Did you know this? The money is just an advance on your future tax refund. I had no idea and I’m paying attention. I didn’t hear this mentioned once. It’s just an advance on a future tax refund that you have to pay back. Unless you owe the IRS money next year.

What is a coronavirus stimulus check?

The payment — which the IRS is calling an "economic impact payment," the government has named a "recovery rebate," and many people are calling a "stimulus check" — is technically an advance tax credit meant to offset your 2020 federal income taxes.
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