Does anyone know that if the Corona virus stimulus money is approved, will it have to be paid back when next year's taxes are filed?
- NALv 79 months ago
There will be a second chance to qualify for the stimulus check on the 2020 return, but only for the people who didn't get the full amount the first time.
Unfortunately, many tax software programs project tentative refunds and in 2008, they included the stimulus in the amount, then asked if the person got the money. If they said yes (as most would), the amount was reduced. This led to the erroneous belief that people were paying it back. The real answer is you ONLY GET IT ONCE.
- ?Lv 710 months ago
It is not a loan under any current plan.
- JudyLv 710 months ago
not likely. Thee rules should be finalized in the next few days.
- STEVEN FLv 710 months ago
Everyone that has read to proposal knows that IS NOT TRUE.
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- 10 months ago
Or just added to our out-of-control national debt.
- DON WLv 710 months ago
No, it will not need to be repaid, based on the information that is in the newspapers.
- oklatomLv 710 months ago
That is untrue, so no one "knows it".