The IRS Just Made More People Eligible for an Unemployment Benefit Tax Break

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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.

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Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Maurie Backman 

Original Article Posted on:  March 24, 2021

Link to Original Article:  https://www.fool.com/the-ascent/personal-finance/articles/the-irs-just-made-more-people-eligible-for-an-unemployment-benefit-tax-break/

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