Are my unemployment benefits taxable?
Normally, yes however for 2020 the first $10,200 of unemployment benefits are tax-free.
What to do if I already filed my taxes and I had unemployment?
The IRS also recently announced that filers who submitted their 2020 tax returns without accounting for a tax exemption on $10,200 of unemployment benefits don’t need to file an amended return. Instead, the agency will attempt to adjust refunds automatically.
If I haven’t filed yet and I have unemployment income, what do I need to do?
Your first $10,200 of unemployment income will be exempt.
When is the deadline to file & pay my taxes?
The IRS has extended the tax deadline from April 15 to May 17 in light of recent changes.
Where is my $1,400 stimulus?
If you haven’t received your stimulus via direct deposit by March 24th, then the IRS will be releasing a check or debit card to the last known address on file.
