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tsuji-m
New Member

Can I decrease my tax due since IRS won't take taxes from some unemployment benefit?

 
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3 Replies
HelenC12
Expert Alumni

Can I decrease my tax due since IRS won't take taxes from some unemployment benefit?

Yes, your tax due amount will be decreased but please wait to file your tax return. We're waiting for guidance from the IRS on how you can claim these additional benefits soon.

 

  • The American Rescue Plan exempts the first $10,200 of unemployment payments for households with an annual income under $150,000.
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tsuji-m
New Member

Can I decrease my tax due since IRS won't take taxes from some unemployment benefit?

Thank you very much for your reply. 

I understood.

I found about it after I filed my tax return. It would be still ok? 

 

Misao Tsuji 

PattiF
Expert Alumni

Can I decrease my tax due since IRS won't take taxes from some unemployment benefit?

Yes, it will be okay. The IRS is finalizing their plan for people who had already filed and included their unemployment benefits. 

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