I keep seeing people posting things like this, and I have to admit I don't understand what they mean.
None of the stimulus money people received was taxable. You don't list it as income. Unless you think you didn't receive as much stimulus money you were supposed to, you really don't have to worry about it.
The only reason I can see the IRS needing more agents is maybe because of people who, before the pandemic, didn't bother to file taxes because they made too little but now file taxes because you need to file in order to get the stimulus checks.
I completely understand that the money used to cover the stimulus checks adds to our national debt and will have to be paid at some point.
But that's not what we're talking about here. We're talking about people who are filing their taxes next year and problems that will happen because of the stimulus money.
I keep seeing people posting things like this, and I have to admit I don't understand what they mean.
None of the stimulus money people received was taxable. You don't list it as income. Unless you think you didn't receive as much stimulus money you were supposed to, you really don't have to worry about it.
The only reason I can see the IRS needing more agents is maybe because of people who, before the pandemic, didn't bother to file taxes because they made too little but now file taxes because you need to file in order to get the stimulus checks.
That money you recieved was not a gift, it was from future credits.
What exactly do you mean by "future credits"?
I completely understand that the money used to cover the stimulus checks adds to our national debt and will have to be paid at some point.
But that's not what we're talking about here. We're talking about people who are filing their taxes next year and problems that will happen because of the stimulus money.