Stimulus Check Update: Here's How Much Tax You'll Have to Pay on Each Type of Stimulus Payment

Most of us have received pandemic-related assistance over the past two years. And as we push to get our 2021 returns filed, that leaves many of us asking if any of those funds are taxable. Are we going to receive a smaller refund, or worse yet, owe money?

Here, we look at the final stimulus checks, the $1,400 checks that began hitting bank accounts in March 2021. However, we also include other COVID-related financial assistance, including advanced Child Tax Credit payments, boosted unemployment benefits, and emergency SNAP benefits.

Stimulus checks

Last spring, millions of Americans received a stimulus check of up to $1,400. These stimulus funds are not taxed.
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Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

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