are us stimulus checks loans

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Here are the answers. Is the stimulus payment a loan?Nope. It鈥檚 not a loan. You will not need to repay the amount you get for your stimulus payment. Will my stimulus payment be taxed?

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  • Is the stimulus check a loan or payment?

  • Is the stimulus check a loan? Will I owe taxes on my stimulus payment? Stimulus payments from the coronavirus relief package are starting to land in Americans鈥?bank accounts, giving much-needed financial help to families. Married couples who earn less than $150,000 will get $2,400, while singles will get $1,200 if they earn less than $75,000.

  • What stimulus checks are available in 2020 and 2021?

  • As a result of the Coronavirus Pandemic, the US government has launched three stimulus check payments during 2020 and 2021. 1. Stimulus Check Payment One: The Economic Impact Payment (EIP), CARES Act, or Stimulus Check Payment One was launched in April of 2020. Do you qualify for Stimulus Check One?

  • How can I find out when my stimulus check will arrive?

  • $1,200 in April 2020; $600 in December 2020/January 2021; $1,400 in March 2021; These payments were sent by direct deposit to a bank account or by mail as a paper check or a debit card. Check On Your Stimulus Payment. Check the Get My Payment page from the IRS to find out if you qualified and when you should have received your payment.

  • Who is eligible for a stimulus check?

  • Singles who earn between $75,000 and $99,000 will get a partial payment, as will married couples who earn between $150,000 and $198,000. Parents with children age 16 and under will get an additional $500 per child, while older children who are claimed as dependents on someone else鈥檚 return will not get a stimulus payment.

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