When the president signs the bill scheduled for Friday March 12 2021. The exclusion is for benefits paid in 2021 as far as I can see, There is no retroactive provisions for federal unemployment benefits to be tax free for those received in 2020. I am watching this closely as I received $20K in federal benefits for 2020 none of which had federal taxes withheld. OUCH! If you can document the exclusion for 2020 benefits please give us the reference, I will file an amendment to my 2020 taxes immediately.

 

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