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bradyino
New Member

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

 
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4 Replies
ee-ea
Level 15

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

 

STATES THAT DO NOT  TAX UNEMPLOYMENT BENEFITS 

AK, CA, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

LOL ... first TX doesn't have a state income tax so there is nothing to be affected.  Next this is a federal change that some states may or may not follow suit. 

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

OP is asking about Nevada. However, it also does not have a state income tax.

Hal_Al
Level 15

I live in Nevada and am curious if the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

Q. Does the $10,200 unemployment tax break only effects state tax or if it's for federal taxes as well?

A.  Yes, it is for for federal income  tax. In fact, it is for federal income first.  So, the better question is: does it apply to my state income tax too.  

 

Answer: it varies. See https://www.cnbc.com/2021/03/30/10200-unemployment-tax-break-american-rescue-plan-states-giving-the-...

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