Powered by Bravenet Bravenet Blog

4/27/2008

6:18 AM

From the IRS FAQ section on the Tax Stimulus Payments:


Q. Is my Stimulus Payment taxable?

 A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.


The Rat- Now why would  they have you keep the letter listing the amount you received
         if they are not planning to tax it ? Well, they did say it won't be taxable
         on the 2008 return. Nothing mentioned about 2009 return though.
0 Comments.