Thread: News ***NON-POLITICAL COVID-19 Discussion Thread***
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Old 04-05-2020, 11:18 AM   #16758
petegz28 petegz28 is offline
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Join Date: Feb 2005
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Quote:
Originally Posted by BigRedChief View Post
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.
I am not even going to get into politics here but does any of that surprise you, BRC?
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