Unemployment tax is retroactive for 2020 taxes

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  • This topic has 0 replies, 1 voice, and was last updated 4 years ago by EyesWIDEopen.
  • Topic Starter
  • March 11, 2021 at 1:47 pm #4468937
    EyesWIDEopen

      This will hopefully clear up the talk for all the people that say “stop spreading miss information” below is the link to the article as well

      This is from the article
      The $1.9 trillion coronavirus stimulus bill, passed by the House of Representatives on Wednesday, is expected to be signed into law by President Joe Biden on Friday.

      The bills provisions include valuable benefits for families, including $1,400 checks to eligible Americans, an expanded child tax credit and expanded unemployment benefits.

      It also gives a federal tax break to people who received unemployment benefits, and it’s retroactive to benefits received in 2020.

      Link to article
      https://www.nj.com/coronavirus/2021/03/stimulus-check-update-you-wont-have-to-pay-federal-tax-on-first-10k-of-unemployment-benefits-under-new-bill.html?outputType=amp

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