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The $900 billion stimulus and relief package passed in December 2020 allows states waive recovery of those overpayments, essentially forgiving them, in some instances. ... have already requested ...
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Your federal or state income tax refunds, disability or future unemployment benefits could also be seized to collect what’s owed. What to do if you receive an overpayment notice 1.
The IRS has finally finished issuing refunds to taxpayers who overpaid their taxes in 2021, when stimulus relief tied to COVID-19 provided tax breaks for unemployment benefits to millions of...
“The stimulus payments were based on your 2019 or 2020 tax returns, depending on how quickly you filed your 2020 tax return,” said Nick Strain, senior wealth advisor at Halbert Hargrove ...
As part of the American Rescue Plan stimulus relief bill that was passed back in March, up to $10,200 in federal taxes on unemployment benefits would be waived for people earning less than $150,000...
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Thanks to the $900 billion COVID-19 relief package, which was finally (officially) passed today, some freelance and gig workers may not have to return their overpaid unemployment benefits ...