Important Update on Taxes on Unemployment 2021
Submitted by Korhorn Financial Group, Inc. on March 12th, 2021With the approval of the newest stimulus package came many changes to taxes, and it may mean you now need to file a 2020 tax amendment or delay filing your 2020 tax return. One of the most notable changes with the new stimulus plan calls for $10,200 of unemployment benefits to not be taxable income if your income is below $150,000.