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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...
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 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 ...
If you receive an updated tax form or have changes after your return has been filed and processed, you need to file an amended tax return. If you are amending a tax return from the 2020, 2021, or ...
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 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 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 Internal Revenue Service is sending 2.8 million refunds this week to taxpayers who paid too much in taxes for their 2020 unemployment benefits.