2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

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Is the Social Security Stimulus Check taxable for 2009?

Monday, November 9th, 2009

The social Security stimulus checks that were sent out this year are not taxable and are not considered taxable income.  The money that you received this year in the form of a stimulus check is something that you are meant to spend on things, or catch up on bills, not something to be taxed on and paid back later to the IRS.

That is the benefit of stimulus checks, untaxed income to be used however you like.

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Will the IRS take money for the 2008 stimulus check received on the 2009 tax return?

Monday, November 9th, 2009

When you receive money from the IRS in the form of a stimulus check, it is not considered taxable income, it is free money that is meant to be spent by you to stimulate the economy.  Yes, you may have to declare on your income tax form that you received a stimulus check and for how much, but it is not something that you will need to pay taxes on.

Posted in 2009 Stimulus Check, Stimulus Check | 1 Response »