Some worry the Stimulus Payment money will get reported as income on 2020 tax returns
The Internal Revenue Service (IRS) sent out more than 160 million stimulus payments since the CARES Act was signed into law on March 27.
In the somewhat longer words of the IRS: “No, the payment is not income
and taxpayers will not owe tax on it. The payment will not reduce a
taxpayer's refund or increase the amount they owe when they file their
2020 or 2021 tax return next year. Read More HERE...