First round of stimulus was tax-exempt.

"More important, the money will not be counted as taxable income. It will be considered a credit, so you can deduct the sum against your future taxes."

SOURCE: https://www.cnbc.com/2020/03/25/congress-to-send-taxpayers-1200-checks-in-the-wake-of-coronavirus.html

Also, not all income is Federally taxable. Another example of Federally tax-exempt income is Municipal Bond interest.

First round of stimulus was tax-exempt.

"More important, the money will not be counted as taxable income. It will be considered a credit, so you can deduct the sum against your future taxes."

**SOURCE: **https://www.cnbc.com/2020/03/25/congress-to-send-taxpayers-1200-checks-in-the-wake-of-coronavirus.html