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An unknown number, but likely in the millions, of people are still waiting for refunds for unemployment compensation benefits from the IRS.
The Internal Revenue Service will issue 4 million tax refunds this week to filers who paid too much in taxes for their 2020 unemployment benefits.
The IRS is hustling to get tax refunds on unemployment benefits to thousands of Americans by the end of the year as the agency continues to dig its way out of a mountain of backlogged returns.
The Federal Unemployment Tax Act (or FUTA, I.R.C. ch. 23) is a United States federal law that imposes a federal employer tax used to help fund state workforce agencies.
The IRS will issue additional 1.5 million tax refunds this week to filers who paid too much in taxes for their 2020 unemployment benefits.
To be clear, most taxpayers who e-file had their returns processed and received their refunds within 21 days, according to the IRS. But if you’re still waiting and wondering “where is my tax ...
The refunds will be subject to normal offset rules including past-due federal tax, state income tax, state unemployment compensation debts among others. If the refund is used to pay unpaid debt ...
In every state, employees who quit their job without "good cause" are not eligible for unemployment benefits, but the definition of good cause varies by state. In some states, being fired for misconduct permanently bars the employee from receiving unemployment benefits, while in others it only disqualifies the employee for a short period.