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Daily Archives: August 10, 2021

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Unemployment exclusion

Will My Unemployment Taxes be Excluded for 2020?

UncategorizedBy Meadville Tax ServiceAugust 10, 2021

“What if I filed my 2020 return before the American Rescue Plan Act & paid taxes on my unemployment?” This question has been on the minds of tax preparers and our clients all spring! We’re here with the answers you need.  Normally, any unemployment compensation someone receives is taxable. However, a recent law change allows…

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