Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan ...
WASHINGTON — The Internal Revenue Service will be sending out millions of additional refunds this week to taxpayers who are due money for overpaying on unemployment benefits. Who are getting these ...
Some taxpayers who paid too much on their unemployment benefits last year are set to begin receiving money back from the Internal Revenue Service. The refunds are for people who collected unemployment ...
(NEXSTAR) – The IRS announced Thursday that it will be recalculating the taxes Americans paid on unemployment benefits to make sure those who filed before the American Rescue Plan was signed into law ...
Overpayments happen fairly often, whether it’s the claimant’s fault or not. Michigan has an improper payment rate of 20.7% — ...
CHICAGO -- Waiting on your IRS refund? You aren't alone. Nearly 15 million people are waiting too. The only two certainties in life are said to be death and taxes, but not a timely tax refund.
The IRS is sending an additional 1.5 million taxpayers refunds averaging $1,686 on 2020 unemployment insurance (UI) taxes, the agency said Wednesday. Unemployment insurance benefits typically count as ...
Tax season is officially here. And those who collected unemployment benefits in 2021 may be in for an unwelcome surprise. While a federal tax break on jobless benefits was available during last year's ...
The Michigan Unemployment Insurance Agency, UIA, told roughly 350,000 people last month they must repay their benefits. The ...
The American Rescue Plan Act waived federal tax on up to $10,200 of 2020 unemployment benefits per person. President Joe Biden signed the pandemic relief law in March. The IRS has identified 16 ...