Tax refund for unemployment benefits: When your IRS money will come and how to check

Author: External Author | | Categories: Tax Accountant , Tax Preparation Service , Tax Service

Blog by Joanna Wasiak CPA, LLC

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. 

Read More

Original Article Source Credits:   CNET , https://www.cnet.com/

Article Written By:  Oscar Gonzalez 

Original Article Posted on:  June 14, 2021 

Link to Original Article:  https://www.cnet.com/personal-finance/taxes/tax-refund-for-unemployment-benefits-when-your-irs-money-will-come-and-how-to-check/



READ MORE BLOG ARTICLES

Back to top of page