Finally – some great news about unemployment benefits – the American Rescue Plan passed! This brings some relief for those who are unemployed. Watch this video for a summary of the expansion and changes to the unemployment benefits in 2021.
Latest news about unemployment benefits and how it affects 2020 tax return
Wondering how unemployment benefits may affect your taxes this year? Well, that is still question of the moment. While the IRS says you don’t need to file an amended tax return, they are still figuring it out how it’s going to work. We’ll quickly learn what the IRS is expecting and share what we do know, the moment we find out right here on our tax blog.
Big Increase in Child Tax Credit for 2021
