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faderbender
New Member

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

 
2 Replies
Donna F 77
Employee Tax Expert

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

Unfortunately, IRS has not announced any exclusions of unemployment income for your 2021 tax return.  Here are some great links that you may find helpful:
https://www.cnbc.com/2021/07/12/dont-count-on-another-tax-break-on-unemployment-benefits.html

https://www.usatoday.com/story/money/taxes/2021/07/18/unemployment-benefits-tax-free-2020-dont-expec...

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Mike9241
Level 15

Will the $10,200 exemption on unemployment benefits apply to 2021 income taxes

actually, it's Congress that decides on the taxability of UC for federal purposes. there has been no mention of it doing anything for 2021

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