IRS refunded $14.8B for unemployment compensation exclusion
The service corrected approximately 14 million returns, generating nearly 12 million refunds.
Source: accountingtoday.com
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IRS issues another 430,000 refunds for adjustments related to unemployment compensation
IR-2021-212, November 1, 2021 — The Internal Revenue Service recently sent approximately 430,000 refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.
Source: irs.gov
IRS clarifies payment plans for expanded child tax credit, unemployment deductions as part of stimulus - That's Rich!
IRS clarifies payment plans for expanded child tax credit, unemployment deductions as part of stimulus - That’s Rich! Updated 6:31 AM; Today 6:31 AM IRS tax filings contain important information that will allow people to get more benefits from the third round of stimulus.Rich Exner, cleveland.com Facebook Share CLEVELAND, Ohio - More money from the third stimulus package will begin flowing from the Internal Revenue Service over the next few months to two specific groups of people. The first group involves those who received unemployment benefits at some point last last year and filed thei...
Source: cleveland.com