RAADICAL TAX

STIMULUS 1 and 2 PAYMENTS

Third Stimulus Payment 

Stimulus 3 - sent out around March 2021.

$1400 per individual

$1400 per child

If you did not receive a stimulus payment, or did not receive the full amount you can now claim that on your 2021 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.

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.