Re: pandemic unemployment

How does unemployment impact my taxes.

I had pandemic unemployment. When filing, is there any differences?

posted

Unemployment Income (or pandemic unemployment - no difference ) is taxable income on your federal return plus some of the states, but not all, also consider this as taxable income. For Tax Year 2020, it was excluded up to $10,200 from taxation. That was just a one time exclusion. We don't know yet, if that might happen again.

Hope it helps.

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