IRS to Automatically Issue Refunds - Unemployment Updates

The IRS released more updates on Unemployment - the biggest update is that no unemployment is included when calculating your Adjusted Gross Income. The IRS will also be issuing automatic refunds to those taxpayers who already filed a 2020 tax return and are eligible to not pay tax on $10,200 of their unemployment benefits.

https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation

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