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Unemployment Tax
Unemployment: Are benefits taxed income?
Americans are preparing their taxes, and after the pandemic caused higher rates of unemployment, people are confused. There were a lot of issues with the 2020 tax returns and unemployment thanks to changes under the ... more
IRS: Is my unemployment taxable income?
The pandemic has caused a lot of Americans to collect unemployment over the last two years, but can the IRS tax that? The answer for this year is yes. Last year the American Rescue Plan ... more
524,000 Americans will see surprise $581 stimulus checks before 2022
Over half a million residents in Minnesota will see a surprise check from the Minnesota Department of Revenue. The checks are being sent out to residents that paid state taxes on their unemployment benefits. Altogether, ... more
Where’s my refund? IRS says tax return payments from 2020 will still need to be processed in 2022
The pandemic and all the changes to tax laws because of it have really thrown a wrench in the IRS being able to get refunds out as fast as they used to. Thousands of Americans ... more
Missing unemployment tax refunds, some worth $1000s, won’t arrive until 2022 for some
Millions of Americans are still waiting for their tax refunds. Unfortunately for those still waiting, the IRS has stated there are currently 6.2 million unprocessed tax returns from 2020. Many of those unprocessed returns belong ... more
Millions received the unemployment tax refund on $10,200 in unemployment, but here’s how to check the status if yours is missing
If you're still waiting for the unemployment tax refund, you could always check the status of the payment. Millions of Americans who filed their taxes prior to the American Rescue plan went into law are ... more
Surprise tax refunds will be deposited into thousands of Americans bank accounts by the end of the year, will one be yours?
Many taxpayers can prepare for tax refunds to hit their bank accounts by the end of December. The refunds are going to taxpayers that paid taxes on unemployment income when they didn't need to. Many ... more
430,000 people surprised to receive $1,189 stimulus checks, who got them?
The IRS recently sent out the refunds averaging $1,189 to 430,000 taxpayers that paid taxes they should not have on their unemployment. As many wait for a fourth stimulus check that's starting to look unlikely, ... more
Are you one of the 430,000 people receiving surprise stimulus checks from the IRS?
The IRS recently sent out 430,000 stimulus checks from President Joe Biden's American Rescue Plan. These payments are for those that paid taxes on their unemployment before the American Rescue Plan passed. The plan made ... more
11.7 million Americans finally get their unemployment tax refunds after three months, totaling $14.4 billion
11.7 Americans were eligible for a tax break that made it so the first $10,200 of unemployment collected was untaxed. Those that filed before the law was passed March 11 are being refunded if they ... more
Are you still waiting for the unemployment tax break worth $10,200? Here’s how to check for a refund
Many people collecting unemployment before the passing of the American Rescue Act are now waiting for a refund. The act made the first $10,200 of unemployment benefits no longer taxable income, but many had already ... more
413,000 families will be getting unemployment tax refunds worth $1,189, are you eligible?
Did you lose your job during the pandemic? If yes, the IRS may owe you money, so keep an eye on your bank account. The IRS is working to send refunds to those that paid ... more
Are you still waiting for the $10,200 unemployment tax refund? Here’s how to check the status
A lot of people filed their taxes before the American Rescue Plan went into law. If that's the case, those people may be entitled to a refund for their taxed unemployment income. The law included ... more
Overpay on unemployment tax? Here’s what the IRS is doing to get you a check
Due to the pandemic, a portion of unemployment benefits in 2020 were made to be untaxed. Normally, unemployment is taxable income. So if you paid taxes on them, you may be due some money. Do ... more