Tag Archives: Unemployment Compensation Taxable

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Will My Unemployment Taxes be Excluded for 2020?

UncategorizedBy Meadville Tax Service August 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…

Remember: Unemployment Compensation is Taxable!

UncategorizedBy Uniko Media Group August 20, 2020

Due to the COVID-19 outbreak, over the last several months millions of Americans have received taxable unemployment compensation for the first time. With every “first” come many details that are worth keeping in mind. That’s why today we’d like to remind you that unemployment compensation is taxable, and it’s advisable to retain those taxes now…