Unemployment Benefits are Taxable, Lawmakers Seek Change
PUBLISHED 5:43 AM ET Apr. 01, 2021 PUBLISHED 5:43 AM EDT Apr. 01, 2021 SHARE New Yorks joblessness spiked a year ago when much of the state shut down to contain the spread of COVID-19, resulting in billions of dollars in unemployment benefits being paid out. Now, state lawmakers are pushing to exclude unemployment benefits from taxable income in New York in line with federal policy. “The ‘Empire State’ is fast becoming the ‘Emp...
Source: ny1.com