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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...
“In 2021, we saw a taxable exclusion on the first $10,200 of unemployment income received in 2020. This so far is not the case in 2022. If someone received only unemployment during 2021, the ...
If you're due a refund from the IRS for receiving 2020 unemployment benefits when they were still taxable, your money could arrive soon. See: Millions of Americans Reaching End of Their ...
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 Internal Revenue Service is sending 2.8 million refunds this week to taxpayers who paid too much in taxes for their 2020 unemployment benefits. IRS sends 2.8 million additional refunds to ...
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks You’re filing an injured spouse claim
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 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...