When will you get your unemployment-benefits-exclusion refund check for 2020?

IRS continues to work on returns for unemployment-benefits, but the process is slow going. The March stimulus law made unemployment-benefits received in 2020 nontaxable up to $10,200 for taxpayers with adjusted gross incomes of less than $150,000. The IRS continues to adjust tax on applicable returns in phases and send out refunds. It began with the simplest returns and is now turning to more complex returns.  So far, the service has issued 11.7 million unemployment-benefit tax refunds, and the agency says it plans to send another batch of refunds before year-end.



Unemployment Refund

by | Nov 30, 2021 | IRS, Tallahassee Tax Service, TallyTaxMan | 0 comments