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In a memo released yesterday, the U.S. Labor Department states that workers who were asked to repay unemployment benefits received through the CARES Act might be able to get a refund, although it ...
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...
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...
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...
if you are receiving enhanced unemployment benefits as part of the new COVID-19 stimulus package, it’s important to inquire if the state will be withholding taxes on federal payments as well.
They can use your SSN to claim your tax refund. More than 169 million payments worth about $400 billion have been sent out by the IRS since Congress passed the American Rescue Plan stimulus relief ...
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 ...