Here?s how your coronavirus stimulus check affects your taxes
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Summary
But many are also wondering how the checks — called “Economic Impact Payments” by the IRS — will impact their taxes.“One question is, ‘Will I need to pay taxes on it’?” says Eric Bronnenkant, head of tax at financial services firm Betterment.Taxpayers who haven’t yet filed their 2019 returns are also wondering if they should file now, or wait until closer to the delayed July 15 tax filing deadline.The good news, Bronnenkant and other tax experts say, is that people won’t owe taxes on their stimulus payments.
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