Poll of the Day > Did you receive unemployment last year and haven't filed your taxes yet?

Topic List	Page List: 1
captpackrat 04/02/21 1:43:21 PM #1:	The new American Rescue Plan Act makes the first $10,200 of unemployment tax-exempt on returns of under $150,000. This could save you $1000 or more on your taxes. You can find full instructions here: https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation If you already filed (like me), the IRS says not to file an amended return. The IRS will automatically calculate the new tax amount and issue a refund as needed. Note that this only applies to federal taxes. Your state may or may not follow suit. --- Minutus cantorum, minutus balorum, Minutus carborata descendum pantorum. <cite>captpackrat posted [p:952391113] in Did you re... [t:79383592]...</cite> <quote>The new American Rescue Plan Act makes the first $10,200 of unemployment tax-exempt on returns of under $150,000. This could save you $1000 or more on your taxes. You can find full instructions here: https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation If you already filed (like me), the IRS says not to file an amended return. The IRS will automatically calculate the new tax amount and issue a refund as needed. Note that this only applies to federal taxes. Your state may or may not follow suit. </quote> ... Copied to Clipboard!
PMarth2002 04/02/21 1:51:05 PM #2:	Nice, thanks. --- You load sixteen tons, what do you get? Another day older and deeper in debt <cite>PMarth2002 posted [p:952391337] in Did you re... [t:79383592]...</cite> <quote>Nice, thanks. </quote> ... Copied to Clipboard!
captpackrat 04/02/21 3:07:34 PM #3:	Looks like, at least as of Monday, Colorado, Georgia, Hawaii, Idaho, Kentucky, Massachusetts, Minnesota, Mississippi, North Carolina, New York, Rhode Island, South Carolina and West Virginia are not excluding unemployment compensation from taxes. Connecticut, Iowa, Illinois, Kansas, Louisiana, Maine, Michigan, Missouri, North Dakota, Nebraska, New Mexico, Oklahoma, Oregon, Utah, and Washington DC have adopted the new federal rule. --- Minutus cantorum, minutus balorum, Minutus carborata descendum pantorum. <cite>captpackrat posted [p:952394040] in Did you re... [t:79383592]...</cite> <quote>Looks like, at least as of Monday, Colorado, Georgia, Hawaii, Idaho, Kentucky, Massachusetts, Minnesota, Mississippi, North Carolina, New York, Rhode Island, South Carolina and West Virginia are not excluding unemployment compensation from taxes. Connecticut, Iowa, Illinois, Kansas, Louisiana, Maine, Michigan, Missouri, North Dakota, Nebraska, New Mexico, Oklahoma, Oregon, Utah, and Washington DC have adopted the new federal rule. </quote> ... Copied to Clipboard!
Topic List	Page List: 1