Are the stimulus checks considered taxable income for 2008?

May 08, 2008

Posted by IceNineJon

( 1 rating )

No, the stimulus checks are not considered taxable income by the IRS:

From the IRS site:

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.

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