Do we have to claim the stimulus check we received as an income for the next year tax filing?

Question

Do we have to claim the stimulus check we received as an income for the next year tax filing?

Answer 1

Nooooooooooooooooooooo..........

Answer 2

No, the same question is on the IRS website: FAQ stimulus rebate.

www.irs.gov

Answer 3

Nope.

Answer 4

No, you don't have to claim it as income but you will still need to list it on your return. So, hang on to your notification of the amount received.  If you didn't receive the maximum stimulus credit for your filing status, you may be able to claim the difference when you file next year.

The stimulus payment will not affect your refund or tax due.

Answer 5

no you dont. We just got a card in the mail saying ours was on the way, it gave a lot of info about it and states that you dont have to claim it next year.

Answer 6

No, it is different this time.  You can confirm this information at www.irs.gov.

Answer 7

No.

The stimulus will not effect your 2008 federal tax liability or refund. The law says the IRS can't recover any extra rebate payment by reducing your 2008 refund or adding to your 2008 tax bill.

The "rebate" is an advance credit against your 2008 tax return (which will be filed in 2009). However, it is calculated based on the amounts shown on your 2007 return. When you file your 2008 return, the IRS will recalculate your "rebate" based on the 2008 amounts. If this results in a larger "rebate", you will receive a check for the difference. If this results in a smaller rebate, you will not have to repay the difference.

The "rebate" will not increase or decrease any tax refund to which you are entitled. It is an additional refund.