What is the stimulus payment?

If I owe taxes this year, can the IRS subtract what I owe from whatever stimulus payment I receive?

  • After doing my taxes I found that I owe $500 in taxes. I know that there's supposedly a stimulus payment coming after you file your taxes. Will I have to pay the $500 first or can ...show more

  • Answer:

    The I.R.S. can keep the money from the stimulas check- but if you haven't paid by 4/15 you will also owe penalties & interest & they may not have the time to set it up in computer to keep it- which would cause penalties & interest to accumulate even more. I would just pay them prior to the 15th to avoid the "nightmare".

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