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Level 7
October 28, 2021
Question

Are unemployment benefits fully taxable in 2021?

  • October 28, 2021
  • 2 replies
  • 38 views

If taxable, will this mess with the new-and-improved earned income credit?

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2 replies

BobKamman
Level 15
October 28, 2021

For now, yes.  It might be changed with legislation this year, or maybe by March of next year.  You just never know.  And since EIC depends on AGI, it makes a difference.  

October 28, 2021

@BobKamman wrote:

or maybe by March of next year. 


 

You must be an optimist.   🙂  With as incompetent as Congress is, I think March is being optimistic.