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Mary105
New Member

Will unemployment be taxed in 2021

 
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‎September 9, 2021 1:22 PM
last updated ‎September 09, 2021 1:22 PM
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DoninGA
Level 15
Level 15

Will unemployment be taxed in 2021

Unemployment compensation is taxable income reported on a federal tax return and on several state tax returns.  Congress has not passed any legislation excluding any amount of unemployment compensation on a 2021 tax return.

‎September 9, 2021 1:28 PM
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Donna F 77
Employee Tax Expert
Employee Tax Expert

Will unemployment be taxed in 2021

Unfortunately IRS has not announced that there will be an exclusion of any unemployment income for 2021 so far.  Here are two useful links:

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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‎September 9, 2021 1:28 PM
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