Many Americans who received a stimulus payment of at least $1,200 as a result of the passage of the CARES Act in March still have questions. Here are 10 things you may have heard that aren't actually true.
Congress is considering another $3 trillion coronavirus relief bill called the HEROES Act that could result in a second round of stimulus checks for taxpayers.with 14 Democrats and one Republican crossing party lines to vote for it, and builds off the CARES Act from earlier this spring that sent cash to millions of Americans.
U.S. President Donald Trump's name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29, 2020, in Washington, D.C.The stimulus payment itself will not be taxed, because this is not considered income. It is a tax credit, so the money will not be taxed. However, if the recipient owes back taxes to the IRS, the government can seize the stimulus payment.
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