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The American Rescue Plan made it so that up to $10,200 ($20,400 for married couples filing jointly) of unemployment benefit received in 2020 are tax exempt from federal income tax.
The survey of 1,000 U.S. adults also found, "of those who depend on their refund to make ends meet, nearly half (45%) say it’s because of the rising cost of living and necessities (i.e. housing ...
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Many workers received Pandemic Unemployment Assistance through the CARES Act, which was signed into law in March 2020 and designed to provide benefits to the unprecedented number of people filing ...
As a result of the relief bill, these benefits are not subject to tax. If you received unemployment benefits in 2020, you likely received a 1099-G form from your state unemployment insurance ...
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...
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...
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