The Daily Money: How will stimulus checks affect your 2020 tax returns?

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, January 22 Welcome to Friday, Daily Money readers. Our short work week is almost over. But before we head toward the weekend, let's dig into today's Money and Tech headlines. Some Americans have already received two rounds of stimulus checks as part of new federal relief bills. But how will these payments affect our tax bills? The COVID-19 pandemic has been battering the U.S. economy for months now, forcing millions of Americans out of work. But there may be a good sign for the economy: businesses are starting to ramp up spending. Finally, did you get a blue Visa card in the mail? Don't rush to throw it away. It could be your stimulus payment. Scroll down for more headlines, and have a great weekend. Brett Molina, Money/Tech editor How your stimulus checks will affect your 2020 tax returns Get answer to questions like whether you'll have to pay taxes on those stimulus checks and how they could impact your anticipated refund. Here's a sign that the economy could improve Many wonder: Is blue Visa card a stimulus scam? Are unemployment benefits taxable? Should you ditch your workplace retirement plan? Costco still selling MyPillow as other stores drop it Instacart to cut nearly 2,000 jobs, angering union S&P 500 ekes out another record Biden order reverses Trump diversity training ban Bernie Sanders' mittens steal the show at inauguration   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102