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7 months ago · by · 0 comments

2020 Unemployment Benefits Tax Exclusion

If you received Unemployment in 2020, then this will be good news. President Joe Biden signed the American Rescue Plan Act of 2021 on Thursday March 11th 2021.

The COVID relief bill provides a tax break on unemployment benefits received in 2020, up to $10,200.

If you have filed 2020 taxes already,  you are instructed to wait for further instructions before filing an amended return.

Read more at the IRS website.

 

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Scurich Insurance Services
Phone: (831) 661-5697
Fax: (831) 661-5741

Physical:
783 Rio Del Mar Blvd., Suite7,
Aptos, Ca 95003-4700

Mailing:
PO Box 1170
Watsonville, CA 95077-1170

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[email protected]

(831) 661-5697

Available 8:30am - 5:00pm