Updated on February 9, 2021 at 9:02 pm NBCUniversal Media, LLC Tax season is here! How does a year of stimulus checks, unemployment payments and working from home play into things? If you’re one of the millions of Americans who collected unemployment in 2020, it is taxable. Richard Rothbell of Nashua, New Hampshire, did not withhold taxes from his benefits. “I wanted to get as much money as I could out of the checks,” he said. “This year when I do my taxes I’m pretty sure I’m going to have to go into my emergency IRS savings tax fund and probably deplete the entire thing.”