This year’s unemployment tax

valari12 · ‎September 9, 2021

Will we have to pay taxes on this years unemployment?

AdamNe · ‎September 9, 2021

@valari12 Thanks for the question.

Most likely, yes. There IRS has made no indication that legislation is underway to exclude unemployment compensation as it was in 2020. However, we never know! As of right now, unemployment benefits are taxable, so from a planning perspective it is prudent to assume that will not change.

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AdamNe · ‎September 9, 2021

@valari12 Thanks for the question.

Most likely, yes. There IRS has made no indication that legislation is underway to exclude unemployment compensation as it was in 2020. However, we never know! As of right now, unemployment benefits are taxable, so from a planning perspective it is prudent to assume that will not change.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

This year’s unemployment tax