The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, collected in 2020. President Joe Biden signed the $1.9 trillion Covid relief bill on March 11, after many people eligible for the tax cut had already filed their tax returns. The IRS will issue refunds automatically to these taxpayers starting in May, the agency said Wednesday. Those payments will continue into the summer.
The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday.
The American Rescue Plan waived federal tax on up
→ Continue reading at NBC New York
