Will I Pay Taxes on the Economic Stimulus Payment?
By: AARP Tax-Aide | Source: AARP Tax-Aide
Q: Do I have to declare my stimulus rebate on my taxes for 2008? Does this count as income and is it taxable?
A: No. Your stimulus payment is not taxable income.
These questions are actual inquiries submitted by taxpayers to our AARP Tax-Aide Program. The AARP Tax-Aide Program is a volunteer-run, free tax-preparation and assistance program offered to low- and middle-income taxpayers with special attention to those age 60 and older. Our volunteers are trained and IRS-certified to understand individual federal-tax issues. Our volunteers provide tax assistance as a public service and cannot guarantee the accuracy of the information provided.
Share
preview