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Will You Have to Pay Back Your Stimulus Check Money at Tax Time?


The COVID-19 stimulus checks Americans received over the last couple of months were unprecedented in the country's history, so it's not surprising that they confused some recipients. Even now, when most eligible people have already received their checks, there are still some misconceptions floating around.

One of the most common is that you'll have to pay back your stimulus check funds next tax season. According to a recent TD Ameritrade survey, approximately 32% of Americans believe this -- but it's not true. That said, your tax bill could look different this year for other reasons. It's important to understand why so you can start preparing now.

Image source: Getty Images.

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Source Fool.com


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