View Single Post
Old 03-25-2020, 09:43 AM
Velocity is online now
Join Date: Jun 2014
Posts: 17,518
Originally Posted by Kovitlac View Post
I'm a bit out of the loop so I apologize, but was it confirmed whether the money would have to be paid back or not?
From reading the sources, I am 99.999999% certain that you don't have to pay them back (it's a gift, not a loan,) except perhaps in the sense that they might be considered taxable income, in which case you'd have to pay a small fraction of them as federal income taxes next year just like any other income.

Probably treated the same as the 2001 and 2008 Bush-era stimulus/tax-rebate checks (and I can't recall how those were treated, tax-wise.)