The IRS said it will automatically refund money to eligible people who already filed their tax returns before the unemployment tax benefit changes took effect.
Because of theAccording to the Bureau of Labor Statistics, 23 million Americans will have filed for unemployment by 2020. Below the established under the CARES Act in March 2020, this included those who were made redundant, as well as handymen, contractors and self-employed persons who would not normally qualify for unemployment insurance. Here’s what we now know about unemployment tax refund and the details we have yet to learn.
Three important details about the WW tax refund
Details we still don’t know about the unemployment tax benefit
“This new clarification from the IRS is good news for the millions of taxpayers affected, but it can still be confusing,” said Mark Steber, Jackson Hewitt’s chief tax officer. Some taxpayers may have questions about the timing of a payment and whether it will come in a check or other form. The IRS is still clarifying these and other questions related to the newly announced program. Once taxpayers have their automatic payments made In the coming weeks and months, it may be a good idea to check with a trusted tax authority to make sure the IRS has calculated their amount correctly. ”
For more details, here are, all about the and what you need to know about the .