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0 pointseloff5y ago0 comments

The taxes on unemployment income can easily exceed the stimulus amount, because they're two different things. I don't think the stimulus checks themselves are taxed, but I'm not an American and I don't know for sure.

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4 comments · 2 top-level

michaelcampbell5y ago· 2 in thread

That's moving the goalposts. The OP makes it sound like given an income "X", adding the stimulus to that will cause the IRS to not only take all the stimulus, but also some of X.

My question is, under what circumstance would getting a gov't stimulus payment actually net you less money than not, all else being equal.

AlwaysRock5y ago

I meant anyone who got roughly 7.5K in unemployment or more and did not choose to get taxes taken out of it will likely end up owing whatever stimulus check they may receive and then some.

eloffOP5y ago

That's not how I read it.

dkjaudyeqooe5y ago

Stimulus checks are a refundable tax credit, ie a tax refund. They cannot be taxed, but in some cases they can be seized by the IRS.

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