Does that stimulus we got last year come out of our tax return?

No. Not true.

I second Snoopy. That is false.

Usually those checks have to be claimed as income. So, no, the $300 is not taken out of your tax return, but, yes, the $300 counts (probably) as taxable income in addition to your other income.

Here’s an explanation about how the stimulus check affects your tax filing for 2008.

@kevbo It is not considered income.

Think of it as a tax credit, received way before tax time.

We just got a notice from the IRS stating that we had to pay taxes on it.

Will I have to pay taxes on my rebate

NO

Come on. We’ll all pass off that debt to our children.

I didn’t have children so YOUR kids will pay for mine as well.