Taxing Times: Will My Stimulus Be Taxed?

The video discusses tax-related questions during the COVID-19 pandemic, focusing on the taxability of stimulus checks. It clarifies that stimulus payments are not taxable as they are considered tax credits. The video emphasizes the importance of reporting these payments on tax returns and explains how individuals who missed receiving stimulus money can claim it through the recovery rebate credit by filing form 1040 or 1040SR. Additional resources for the 2020 tax season are provided.

What should individuals do if they missed receiving stimulus money?

Where can individuals find more information about the 2020 tax season?