Taxpayers may receive a refund for taxes paid on 2020 unemployment compensation

Author: External Author | | Categories: Tax Consulting

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The IRS is reviewing tax returns filed before the American Rescue Plan of 2021 became law in March to determine the correct taxable amount of unemployment compensation and tax. For eligible taxpayers, this could result in a refund, a reduced balance due or no change to tax.

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Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  June 17, 2021

Link to Original Article:  https://www.irs.gov/newsroom/taxpayers-may-receive-a-refund-for-taxes-paid-on-2020-unemployment-compensation



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