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What people really want to know about Economic Impact Payments

IRS.gov has answers to many questions people may have about their Economic Impact Payment. Here are answers to some of the top questions people are asking about these payments.  Is this payment considered taxable income? No, the payment is not income and taxpayers will not owe tax on it. The payment will not reduce a…
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Who can get more Economic Impact Payment money for children

Millions of Americans have already received their Economic Impact Payments as the IRS continues to automatically send payments to more individuals. Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive their payment. The IRS will calculate the amount based on the income, filing status and dependent information on their most…
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