Archive for May 19, 2021
Are Unemployment Benefits Taxable?
If you were one of the millions of Americans who received unemployment, here’s what you need to know about taxes. Key takeaways: Unemployment benefits are taxable after the first $10,200 Some states don’t require an additional state income tax Use Form 1099-G, which you should receive from the IRS The COVID-19 pandemic led to record…
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