Busting A Popular Myth About The $1200 Economic Impact Payment

Photo by NeONBRAND on Unsplash

There’s an online myth going around that the $1200 Economic Impact Payment is a tax credit which will need to be paid back on our (those of us who receive it) 2020 taxes. I’m sure you’ve seen it, if you haven’t shared it… which I have. And so I’m going to explain how this works, courtesy of a friend of mine who works at the IRS.

1. How Will I Get Paid?

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Thomas Dylan Daniel

Thomas Dylan Daniel

Philosopher. Founder of WIP Publishing & PAGE DAO. Author of Formal Dialectics and Bring Back Satire. https://dylan.app.bio/