Author Topic: 2021 Tax change on unemployment payments  (Read 2297 times)

Offline EmperorNorton

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2021 Tax change on unemployment payments
« on: March 22, 2021, 10:46:04 AM »

I know most of the guys here are retired or are hard working year round, despite the pandemic last year but in case anyone here collected any unemployment payments during 2020,  you probably know this.   In case someone missed it, recent Federal legislation allows the first $10200 of unemployment you may have received in 2020 to be exempt from Federal taxes.   I downloaded updates from HRBlock over the weekend and a return that $100 now gets a refund of $2300!     PM if you need any help with this.

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