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> Nothing like getting a stimulus check and then giving it all to the IRS plus some. In what situation is the income tax over 100%

• eloff 6y ago
  The taxes on unemployment income can easily exceed the stimulus amount, because they're two different things. I don't think the stimulus checks themselves are taxed, but I'm not an American and I don't know for sure.
  • dkjaudyeqooe 6y ago
    Stimulus checks are a refundable tax credit, ie a tax refund. They cannot be taxed, but in some cases they can be seized by the IRS.
  • michaelcampbell 6y ago
    That's moving the goalposts. The OP makes it sound like given an income "X", adding the stimulus to that will cause the IRS to not only take all the stimulus, but also some of X. My question is, under what circumstance would getting a gov't stimulus payment actually net you less money than not, all else being equal.
    • eloff 6y ago
      That's not how I read it.
    • Taylor_OD 6y ago
      I meant anyone who got roughly 7.5K in unemployment or more and did not choose to get taxes taken out of it will likely end up owing whatever stimulus check they may receive and then some.