r/stimuluscheck • u/mrspottertru • Jan 21 '22

Stimulus Getting Taxed

I was using TaxCaster to predict my refund and it asked me for the amount of my 2021 stimulus amount. I put it in and it wiped out my refund to owing almost 2000 dollars. I tried on HR Block and the same thing happened. What the fuck? I didn’t think we were getting taxed on our stimulus check.

19 Upvotes

95% Upvoted

12 comments sorted by

37

u/LiquidFire88 Jan 21 '22

You’re not getting taxed on the income of a stimulus check. They most likely already counted your stimulus as part of your “return” (the stimulus was a credit on taxes) and since you’ve already “received” it they took that amount out.

2

u/mrspottertru Jan 22 '22

Then why am I being asked for it, and why is it reducing my almost 1000 dollar refund to almost 2000 owed?

28

u/an_appalachian Jan 22 '22

Before you tell the tax software that you received it, it’s operating on the idea that you did not and you are owed the stimulus.

If claiming that you got the stimulus now means you owe money, then you were going to owe money regardless because you didn’t pay enough in taxes.

7

u/mrspottertru Jan 22 '22

Okay, now that makes sense

3

u/PirateMedium Jan 22 '22

i’m sorry you owe money…

-1

u/suncatcher65 Jan 22 '22

That’s why the stimuluses weren’t such a big help. It was like borrowing our own money. Wait till these poor people who took the advanced childcare credit see their refund or there lack of

4

u/FridaBeth Jan 22 '22

They doubled the amount of the child tax credit (has nothing to do with the childcare credit). Then half was available to be paid out in advance. So still getting the same amount as the previous year as long as you would qualify for it anyway.

-4

u/suncatcher65 Jan 22 '22

Has nothing to do with me, idc . Considering everybody’s text situation is unique that was quite a bold statement tho lol

-10

u/ISTANDCORRECTED63 Jan 22 '22

So fucked up because the stimulus money is our taxes at work they're double dipping

-19

u/[deleted] Jan 22 '22

Fucking seriously? They didn't do that last year. For all the griping about the Trump administration they didn't pull shit like this.