Tax refund for unemployment benefits: When your IRS money will come and how to check
The IRS has already issued more than 2.8 million federal refunds to those who collected unemployment insurance during the pandemic. The 2021 American Rescue Plan treats the first $10,200 of unemployment benefits received last year (or $20,400 for married couples filing jointly) as nontaxable income. That means some 13 million taxpayers who paid income tax on that money before the change in the law could now be due for some money back.
Original Article Source Credits: CNET , https://www.cnet.com/
Article Written By: Oscar Gonzalez
Original Article Posted on: June 14, 2021