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IRS begins issuing unemployment tax refunds to some Americans – Fox Business

The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment benefits collected last year.

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The IRS began issuing refunds this week to Americans who overpaid taxes on unemployment benefits collected last year.
The $1.9 trillion coronavirus stimulus plan that President Biden signed into law in March, known as the American Rescue Plan, waives federal income taxes on up to $10,200 in 2020 unemployment insurance benefits for individuals who earn less than $150,000 a year.
IRS DELAYS IRA, HEALTH SAVINGS ACCOUNT CONTRIBUTION DEADLINE UNTIL MAY 17
As many as 10 million Americans overpaid their…

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