Second Stimulus Payment
Stimulus 1 - sent out around April 2020.
$1200 per individual
$500 per child
Stimulus 2 - sent out around January 2021.
$600 per individual
$600 per child
If you did not receive a stimulus payment, or did not receive the full amount you can now claim that on your 2020 taxes and receive the additional stimulus payments as a refundable credit (if eligible).
Stimulus money is NOT taxable. You do not need to claim this money on your taxes as income. It is reportable only to try determine if you are eligible to receive additional stimulus if you did not receive the full amounts previously.