LIKE EVERYTHING ELSE 2020, TAXES WILL BE LIKE NO OTHER YEAR
Dec 12, 2020
3 minutes
Image: Eric Gay
It’s the time of year to start thinking about taxes — but the upcoming filing season is going to be a bit trickier for many Americans due to rampant unemployment, working from home and general upheaval due to COVID-19.
Here are a few pandemic specific conditions — good and bad — to be aware of.
UNEMPLOYMENT
Unemployment benefits are taxable income, which tax experts say may surprise some filers.
Workers are not required to have federal taxes withheld from their
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