The IRS is processing unemployment tax refunds. When will you get yours?
About 13 million Americans who paid tax on their 2020 unemployment compensation could be getting a hefty tax break. The IRS recently started processing refunds to 2.8 million people who filed their tax returns before new rules under the American Rescue Plan had made an amount of that unemployment income tax-free.
Original Article Source Credits: CNET , https://www.cnet.com/
Article Written By: Oscar Gonzalez
Original Article Posted on: June 6, 2021
Link to Original Article: https://www.cnet.com/personal-finance/taxes/the-irs-is-processing-unemployment-tax-refunds-when-will-you-get-yours/