DO I NEED TO PAY TAXES ON THE STIMULUS PAYMENT I RECEIVED IN APRIL 2020?

No. Both of the stimulus payments are not considered income, and they are not taxable. 

If you did not receive a second-stimulus check, be sure to enter 0 in the corresponding box of the recovery rebate form as you maybe eligible to receive the Recovery Rebate Credit. Keep in mind that the Recovery Rebate Credit is calculated based on your 2020 income. 

If you need to enter your stimulus payments received, please follow these steps in TurboTax:

1. With your return open, search for stimulus with the magnifying glass tool on the top of the page.
2. Select the Jump to Stimulus in the search results to directly go to correct TurboTax page.