Does unemployment compensation recipients have to pay federal taxes on the money received resulting from Covid-19?

The Covid-19 Pandemic and the loss of millions of jobs have left many unemployed people applying for unemployment compensation for the first time in their lives. It has been frustrating; it has been heartbreaking and; for many, it has been confusing. One of the critical questions: Does unemployment compensation recipients have to pay federal taxes on the money received resulting from Covid-19?  Listen along as Attorney Coleman Jackson answer this pressing tax question. If you enjoy this podcast make sure to stay tuned for more episodes from the taxation, litigation and immigration Law Firm of Coleman Jackson, P.C.   Visit the taxation, litigation and immigration law firm of Coleman Jackson, P.C. online at www.cjacksonlaw.com.”