Pennsylvania Firearm Owners Association
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  1. #1
    Join Date
    Nov 2008
    Location
    Lititz, Pennsylvania
    (Lancaster County)
    Posts
    385
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    Default Question about last year's stimulus checks?

    Does anyone know for a fact whether we have to pay it back this year when we file our income taxes? TIA.

  2. #2
    Join Date
    Apr 2008
    Location
    Saylorsburg, Pennsylvania
    (Monroe County)
    Age
    38
    Posts
    4,721
    Rep Power
    21845

    Default Re: Question about last year's stimulus checks?

    Unless they changed something - No, the stimulus checks do not count as income and do not need to be repaid
    The first vehicles normally on the scene of a crime are ambulances and police cruisers. If you are armed you have a chance to decide who gets transported in which vehicle, if you are not armed then that decision is made for you.

    Be prepared, because someone else already is and no one knows their intent except them.

  3. #3
    Join Date
    Apr 2007
    Location
    Northern Tier, Pennsylvania
    (McKean County)
    Age
    50
    Posts
    7,030
    Rep Power
    21474855

    Default Re: Question about last year's stimulus checks?

    Not sure, but I'm thinking it may need to be reported to the State.

  4. #4
    Join Date
    Jul 2007
    Location
    ..............., Pennsylvania
    (Chester County)
    Posts
    5,305
    Rep Power
    11956856

    Default Re: Question about last year's stimulus checks?

    June/July 2008, No. 136

    Treatment of Federal Economic Stimulus Payments



    On April 28, the U.S. Treasury Department began issuing federal economic stimulus payments to qualifying taxpayers.

    The Pennsylvania Department of Revenue has determined that the 2008 federal stimulus payments are not to be included as a taxable source of income for personal income tax or Property Tax/Rent Rebate program purposes. In addition, these payments should not be included in eligibility income for personal income tax, tax forgiveness purposes.

    However, federal economic stimulus payments are subject to PA Inheritance Tax. If a decedent filed a 2007 personal income tax return, or one was filed on his/her behalf after his/her death, the decedent was eligible for and due the payment. Even if the decedent died prior to receiving the payment, it was obligated to him/her during their lifetime. Consequently, the payment becomes a part of their taxable estate upon payment and ultimately distributed to the beneficiary.[/QUOTE]
    http://www.revenue.state.pa.us/reven...TION_ID=285547
    Last edited by tl_3237; January 15th, 2009 at 11:51 AM.

  5. #5
    Join Date
    Jul 2007
    Location
    ..............., Pennsylvania
    (Chester County)
    Posts
    5,305
    Rep Power
    11956856

    Default Re: Question about last year's stimulus checks?

    Also stimulus payment not taxable by IRS:

    Basic Information on the Stimulus Payments

    Updated July 18, 2008

    Find out more about what it is and how to get it, if you haven’t already.

    What is it? It's an economic stimulus payment that more than 124 million households will receive. It's not taxable, and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return. Payments started in May and will continue through the end of 2008.
    http://www.irs.gov/newsroom/article/...179211,00.html

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