Unemployment Insurance And Taxes

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coaledsweat
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Post by coaledsweat » Wed. Mar. 10, 2021 5:46 pm

When Uncle Joe signs the new Covid bill there's a little gem in there for anyone that collected UI last year. It allows the first $10,200 to be tax exempt. This means if you've already filed 2020, you'll need to file an amended return to recieve the additional refund.

https://www.cnbc.com/2021/03/10/covid-bill-change ... eturn.html

 
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Post by Countryside812 » Sat. May. 15, 2021 10:47 pm

Thanks, I’ll tell our accountant


 
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coaledsweat
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Post by coaledsweat » Sun. May. 16, 2021 5:10 am

No need to file an amended now, the IRS said they'll take care of it.

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