EPISODE · Apr 9, 2021 · 11 MIN
IRS will recalculate taxes on 2020 unemployment benefits and start issuing refunds
from Tax & Current Accounting Topics
COVID Tax Tip - IRS will recalculate taxes on 2020 unemployment benefits and start issuing refunds in May https://www.irs.gov/newsroom/irs-will Normally, any unemployment compensation someone receives is taxable. However, a recent law change allows some recipients to not pay tax on some 2020 unemployment compensation.
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IRS will recalculate taxes on 2020 unemployment benefits and start issuing refunds
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