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Will I need to report my economic stimulus check as income?

No. Many rumors have been floating around about the economic stimulus checks, and most of them are misconceptions. When you file your 2008 tax return you will not need to include your refund as part of your adjusted gross income.

It is also important to note that if you did not qualify for the payment based on your previous tax return, but your situation changes this year, then you may be eligible for the stimulus check when you file next April.

Print | posted on Wednesday, May 14, 2008 1:51 PM | Filed Under [ Frequently Asked Questions ]

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