How the $600 stimulus checks could affect your tax refund this year
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If you don't receive your second stimulus check in your bank account or the mail, the good news is you can claim the money when you file your tax return this spring. But beware: That doesn't necessarily mean you will automatically get the full $600 or other funds you feel are owed through the direct payments issued by the government. The reason: The recovery rebate credit by which you can claim that money will be factored into your overall tax return, including liabilities. So if you receive a credit for the $600 stimulus check, but owe $500, you will receive a payment of just $100. "If you're going to owe money, you're still going to owe money," said Janet Holtzblatt, senior fellow at the Urban-Brookings Tax Policy Center. Admittedly, some people might prefer ...
