Will The Stimulus Affect 2020 Tax Returns. Will the stimulus check affect my 2020 tax return? Tax season is right around the corner, and millions of americans will file taxes that look much different than in years prior.
Stimulus checks and your taxes:
Also, stimulus payments will not count as income for government assistance programs, such as medicaid or food stamps, though the money could be. For tax filers with income above these amounts, the stimulus payment decreases by $5 for each $100 above the thresholds. Stimulus payments will be available for the rest of 2020. If your 2020 tax return was filed by april 15, for example, you could see a second payout for that third stimulus that would reflect all of what you were owed based on the 2020 income.
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