Talk of The Villages Florida - View Single Post - Stimulus check deposited today?
Thread: Stimulus check deposited today?
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Old 04-08-2020, 09:46 AM
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Originally Posted by asianthree View Post
Online banking confirmed check is from government, 27% taxes taken out of the $1000.00 He thought at first it was his tax return, but wrong amount, until his bank confirmed, deposit at 3:44am. Customer service said they started getting deposits in customer accounts just after 2am
Hummmm, my understanding is that the stimulus payments will not count as taxable income. I clearly remember this being stated by Steven Mnuchin during one of the press conferences. I just googled it and read an article from Forbes confirming the payment is tax free. Am I missing something?