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Unemployed could get tax break, COBRA health coverage


Unemployed could get tax break, COBRA health coverage
Big tax break could be on the way for unemployed workers
FOX 26 s Heather Sullivan has more as questions regarding taxable income are being asked ahead of the passing of the newest COVID-19 relief bill.
HOUSTON - If the House passes President Biden s relief bill this week, people who have lost jobs could get more than just an additional $300 a week in unemployment benefits. They could also receive a big tax break and free health insurance. 
One of the most common questions this tax season is whether unemployment benefits are taxable income? The answer is yes.   ....

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House Passes COVID Relief Bill, Ready for Biden's Signature


email article
WASHINGTON By a vote of 220-211, the House on Wednesday passed the Senate version of the COVID relief bill also known as the American Rescue Plan Act paving the way for President Biden s signature.
The American Rescue Plan is aggressive, no doubt about it, but researchers and health professionals have told us this is what s needed to scale up testing and tracing, to address PPE [personal protective equipment] shortages, and to speed up equitable vaccine distribution, said Rep. John Yarmuth (D-Ky.), chairman of the House Budget Committee. They have told us these investments are needed if we want to save lives and defeat this pandemic once and for all . It helps feed hungry Americans and provides financial support so families can afford health coverage during the greatest health crisis of our lifetimes. The American Rescue Plan will provide resources needed to reopen schools safely and make up for lost time in the classroom. ....

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