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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...
The Senate approved the House-passed short-term government funding bill in a just-after-midnight vote by a vote of 85-11. The legislation will extend government funding until March 14.
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 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. See:...
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 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 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 ...