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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...
If you are amending a tax return from the 2020, 2021, or 2022 tax season, you can file your amended return electronically. It takes approximately 20 weeks to process paper and electronically-filed ...
The Internal Revenue Service (IRS) will issue an additional 1.5 million tax refunds — averaging more than $1,600 — this week to filers who paid too much in taxes for their 2020 unemployment ...
Tax season for 2022 returns has officially begun as of this week, but 2020 returns are also in the news again. The IRS recently let Americans know they some may still be owed money from that time...
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 ...
The agency corrected 14 million 2020 tax returns related to unemployment compensation, resulting in $14.8 billion in refunds that averaged $1,232 each. The IRS started correcting the returns in ...
The IRS writes that any Americans receiving state or federal unemployment benefits, including those paid from the Federal Unemployment Trust Fund, can opt to have 10% of those payments withheld.
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.