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Old 03-25-2020, 10:21 AM
Kovitlac is offline
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Join Date: Oct 2019
Posts: 697
Quote:
Originally Posted by Velocity View Post
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.)
I was living with my parents back during that time, so I honestly have little idea how those were done, lol. Thank you for your reply!