Unemployment Taxability Update

More information on Unemployment taxation federally if you filed before the rules were changed. If you filed previously and have unemployment that shouldn’t have been taxed please read this article about how the IRS will be handling this issue. Looks like it may take at least till the end of summer to get completed, I would expect Fall as a more realistic estimate with everything going on.#taxes #unemployment #knowyournumbers

IRS to recalculate taxes on unemployment benefits; refunds to start in May | Internal Revenue Service