Unemployment is taxable

Did you receive unemployment benefits? Unemployment benefits are taxable. Make sure you're not caught off guard.
September 2, 2020
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News

Did you receive unemployment benefits? Unemployment benefits are taxable and must be reported on your federal tax return. A record number of Americans are applying for unemployment compensation due to the COVID-19 Outbreak. If you received unemployment benefits, as well as the additional $600 per week in coronavirus relief any time during the year, your tax return may be affected. Lean more here.