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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...
In March, the IRS announced that it would automatically send out refunds to anyone who reported unemployment benefits on their taxes. This week, the IRS is preparing t0 start sending those refunds...
Unemployment benefits are typically treated as taxable income on your federal tax return. But the $1.9 trillion American Rescue Plan, which President Joe Biden signed into law in mid-March, waived ...
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...
A recent survey by TaxAudit found that 37% of taxpayers who are receiving or have received unemployment benefits during COVID-19 are concerned they may owe an increased amount of taxes this year.
If you received unemployment benefits in 2022, you'll have to declare them when you file your taxes. It may seem like a cruel trick to some, but if you lose your job and successfully file for ...
If you got unemployment benefits in 2020, you just got a tax break courtesy of the $1.9 trillion American Relief Plan that President Joe Biden signed into law on Friday. Here’s how the latest ...
The IRS recently announced that it will start to automatically correct tax returns for those that filed for unemployment in 2020 and also qualify for the $10,200 tax break, Forbes reported. ...
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