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<blockquote data-quote="Jumpin Jack Flash" data-source="post: 4578068" data-attributes="member: 74129"><p><span style="font-size: 26px"><strong>Search Results</strong></span></p><p><span style="font-size: 22px"><strong>Featured snippet from the web</strong></span></p><p></p><p>The short answer is no, you will not owe <strong>income taxes</strong> on the cash and do not need to include it as part of your <strong>taxable income</strong> on your 2020 return. The payment is technically being structured as an advance on a temporary, refundable <strong>tax</strong>credit.</p></blockquote><p></p>
[QUOTE="Jumpin Jack Flash, post: 4578068, member: 74129"] [SIZE=7][B]Search Results[/B][/SIZE] [SIZE=6][B]Featured snippet from the web[/B][/SIZE] The short answer is no, you will not owe [B]income taxes[/B] on the cash and do not need to include it as part of your [B]taxable income[/B] on your 2020 return. The payment is technically being structured as an advance on a temporary, refundable [B]tax[/B]credit. [/QUOTE]
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