The IRS Just Made More People Eligible for an Unemployment Benefit Tax Break
The recently signed $1.9 trillion coronavirus relief bill does a lot of good things for jobless workers. For one thing, it puts stimulus checks in their pockets. Many of these $1,400 direct payments have already hit a lot of people's bank accounts. What's more, the bill calls for a $300 weekly boost to unemployment benefits and extends those benefits through early September. Finally, the bill allows for $10,200 of unemployment income to be exempt from federal taxes.
Original Article Source Credits: The Motley Fool , https://www.fool.com/
Article Written By: Maurie Backman
Original Article Posted on: March 24, 2021