Are Stimulus Checks Taxable? How to Report Stimulus Check Information on Your Tax Return

[@aureliacarrillo5180]

Hello. I never cashed my 1200 stimulus check. They sent me a letter with a number to call and when I called they told me to report it on my 2020 taxes. But it is now 2022, I am confused about how to get the rebate on an amended return.

[@chrischeaptech9895]

If you are disabled and get social security and recited stimulus check do you have to pay taxes on it

[@TaxTeach]

Stimulus checks aren't considered income so you won't pay taxes on them.

[@starstruck4371]

Do I have to claim the third stimulus if I wasn’t missing any payments? I went to get an estimate at a tax office and was getting around 4.3k but as soon as they asked how much I got for it it was 4,200 and they put it in and said my refund was 1,318 so idk why it decreased is that correct? Should I change tax office or can I just tell them im not gonna claim it on my taxes

[@starstruck4371]

Note, im filing jointly with my spouse and have a 2 yr old dependent

[@TaxTeach]

When people don't receive their stimulus checks they are able to receive a tax credit called the Recovery Rebate Credit. I assume the tax software calculated your refund with the Recovery Rebate Credit and once that credit was removed, since you already received stimulus checks, that reduced your refund.

[@alexandermccaskill9783]

Greetings, I contacted the irs and they said my 2019 amended return can still be filed electronically, but I can't find a company that can do this. is filing the 2019 1040x electronically still possible?

[@blackzero5334]

Hello, Question I Haven't Received The First and The Second Stimulus Package, I Haven't Worked Since 2010 Because Health Issues, I'm Receiving Public Assistance, I Did Called The IRS, They Told Me I Can Do The 1040 But Idk How Fit It Out, I Have Seen Your Other Videos Very Helpful.. Any Advice?

[@TaxTeach]

I did a video on how one can get their tax return done for free. You can either use a tax preparation software or I would recommend going to a VITA (volunteer income tax assistance) location. You should be able to get your return done for free and you might be able to receive a tax refund.

[@blackzero5334]

@@TaxTeach oh ok thank you so much

[@gautamkhanna5842]

Hi - I got $800 instead of full $1200 and then $200 instead of the full $600 - this was based on my 2019 returns where the amount was higher -$80,000. However, in 2020 my amount got less due to loss of job and I made much less than 2019 around $55,000 only . Do I qualify for a recovery rebate credit, please?

[@TaxTeach]

Hello, based on what you have told me, since you made $55,000 in 2020, you are now below the $75,000 threshold and should be eligible to receive full stimulus check amounts. You should qualify for the recovery rebate credit which will make up for the difference.

[@gautamkhanna5842]

@@TaxTeach - thanks . Please made videos on how to report foreign interest and capital gains . Is scheduke D mandatory or can the amounts be shown under " other income "