"Unemployment collected by thousands of taxpayers between January and September 2021 is also taxable, according to the IRS.
Last year, the income tax on up to $10,200 of benefits was waived by Congress, but that is not the case in 2021.
Every cent of unemployment collected is considered taxable income, and that is going to decimate refunds, the report noted.
Many taxpayers will owe money, Pliakas said, and those who hope to collect refunds may be hampered by a pandemic-generated backlog. "
Democrats busy attacking political opposition instead of doing things to help the American people.
https://www.washingtonexaminer.com/news/taxpayers-can-expect-smaller-refunds-some-to-get-none
@Mott-The-Hoople
You mean you get talking points because there were two defectors in the dem senate linup.
You know exactly who they are. So why don't you put the blame where it really goes? Right to Kirsten and her buddy Manchin?
If they had actually been loyal to the democratic party they would have voted yes and ALL Biden's bills would have passed.
So don't EVEN blame Biden for that.
@mott-the-hoople saidHUH?
"Unemployment collected by thousands of taxpayers between January and September 2021 is also taxable, according to the IRS.
Last year, the income tax on up to $10,200 of benefits was waived by Congress, but that is not the case in 2021.
Every cent of unemployment collected is considered taxable income, and that is going to decimate refunds, the report noted.
...[text shortened]...
https://www.washingtonexaminer.com/news/taxpayers-can-expect-smaller-refunds-some-to-get-none
Always has been taxable
https://www.irs.gov/newsroom/tax-treatment-of-unemployment-compensation
@mott-the-hoople saidWashington Examiner
"Unemployment collected by thousands of taxpayers between January and September 2021 is also taxable, according to the IRS.
Last year, the income tax on up to $10,200 of benefits was waived by Congress, but that is not the case in 2021.
Every cent of unemployment collected is considered taxable income, and that is going to decimate refunds, the report noted.
...[text shortened]...
https://www.washingtonexaminer.com/news/taxpayers-can-expect-smaller-refunds-some-to-get-none
RIGHT BIAS
Overall, we rate the Washington Examiner Right Biased based on editorial positions that almost exclusively favor the right and Mixed for factual reporting due to several failed fact checks
https://mediabiasfactcheck.com/washington-examiner/
@sonhouse saidWhat in the HELL is this poster on about? Jesus.
@Mott-The-Hoople
You mean you get talking points because there were two defectors in the dem senate linup.
You know exactly who they are. So why don't you put the blame where it really goes? Right to Kirsten and her buddy Manchin?
If they had actually been loyal to the democratic party they would have voted yes and ALL Biden's bills would have passed.
So don't EVEN blame Biden for that.
@averagejoe1 saidYour "I'm dumb, I don't get it" act is wearing thin. Real thin.
What in the HELL is this poster on about? Jesus.