CARBONDALE, Ill. (WSIL) -- Did you reap the benefits of the stimulus payments, but don't know how they will affect your taxes? Experts say to relax, there's no tax burden.
The IRS economic impact payments are not taxable income.
If for some reason you didn't receive a stimulus payment last year, but you are eligible for one, you can apply for it when you file your 2020 tax return.
It's called the Recovery Rebate Credit.
Consult a tax professional like Jackson Hewitt to get what's coming to you.
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"We just tell them we just want to make sure that got everything that was coming to them and we just ask them if they got the full amount if they didn't if they knew what that was in case they were do more," said Jackson Hewitt professional Barbara Holland.
If you're taking advantage of this year's tax deadline change, you only have four days left. This year's deadline is Monday, May 17.
