Like many people my family received our stimulus check last year.
Now that tax time is coming up, how is this stimulus check going to be accounted for on the taxes. And more importantly, is it going be taken right off of the refund for 2008, or simply added in as part of our income.
Excuse if the question is a little confusing. I guess the best way to ask is simply,
"so, I had a stimulus refund, how will it affect my taxes this year."
It does affect my refund, I ran the numbers both ways. with the stimulas check and without. the difference is almost $300 difference in the amount of the refund I will be getting.
I just filed my taxes today, and it asked me specifically how much I got from the stimulus which was $360.00, yet it didn't effect anything about my return.
Maybe its just a reinsurance thing.
it will do nothing to your taxes
Source: http://www.financetalkinghub.com/how-the-stimulus-check-affects-2008-taxes.html
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