The IRS Just Sent More Unemployment Tax Refund Checks
If you received unemployment benefits last year and filed your 2020 tax return relatively early, you may find a check in your mailbox soon (or a deposit in your bank account). Since May, the IRS has been sending tax refunds to Americans who filed their 2020 return and reported unemployment compensation before tax law changes were made by the American Rescue Plan.
The tax agency recently issued about 430,000 more refunds (totaling more than $510 million) averaging about $1,189 each. That brings the total count to over 11.7 million refunds totaling $14.4 billion for the 2020 unemployment compensation exclusion.
About the Unemployment Compensation Exemption
The American Rescue Plan
