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.
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