Business

Paying Taxes on Unemployment Money? You Should Read This…

Did you receive unemployment money during the COVID-19 pandemic? Typically, people who receive unemployment money must pay taxes on that income. BUT, because the pandemic was such a widespread situation that the government made things different this year. Want to find out if this applies to you? Download our FREE 20-page tax guide, with Continued

April 12, 2021·1 min read

unemployment-taxes-1
Did you receive unemployment money during the COVID-19 pandemic? Typically, people who receive unemployment money must pay taxes on that income. BUT, because the pandemic was such a widespread situation that the government made things different this year.   Want to find out if this applies to you? Download our FREE 20-page tax guide, with tax prep help for all types of stylists, plus 103 tax write-offs you need!   The most recent COVID-19 relief bill contained a key provision that waives taxes on the first $10,200 in unemployment insurance income for people who have a 2020 adjusted gross income (more…)