When you sit down to file your taxes, these Notice 1444s will be especially helpful if you were eligible, but didn’t receive the first or second stimulus check or received only a portion of it. For the first stimulus check you should have received a Notice 1444 and for the second stimulus check you should have received a Notice 1444-B. It is possible you received more than one Notice 1444 if you received more than one stimulus check payment. The notice has information about your stimulus check and should be kept with your important tax records like your W-2s or 1099s. When you received each of your stimulus checks, also known as an Economic Impact Payment, you should have received a Notice 1444. What information do I need about my stimulus checks when I file my taxes? The money from the stimulus checks is not considered income and thus taxpayers will not owe taxes on it. The payments from the stimulus checks are not taxable. March 2021: $1400 stimulus checks, with $1400 for each eligible dependent, were sent out as a part of the American Rescue Plan ActĪs you start to prepare your taxes this year, you may be wondering, do the stimulus checks affect my taxes? Or do I have to pay taxes on the money from stimulus checks? Do I have to pay taxes on the stimulus checks I received?.
Jan 2021: $600 stimulus checks, with $600 for each eligible dependent, were sent out as a part of the Coronavirus Response and Relief Supplemental Appropriations Act.
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