Level 3

Question

federal unemployment benefits taxable

Forum|Forum|5 years ago
March 8, 2021
18 replies
29 views

Good Afternoon,

I heard that the first $10,000 unemployment benefits are not taxable income under the new biden administration. Can some confirm this?

Thank you.

ProSeries Professional

This topic has been closed for replies.

IRonMaN

Level 15

It's $10,200 but the deal hasn't been completed yet.

325,689

Slava Ukraini!

BobKamman

Level 15

Let me guess. You make it a practice never to spend five minutes reading recent comments here, to find out if another 25 people are discussing the issue.

(Ironman is counting. 325,689 is an exaggeration.)

IRonMaN

Level 15

I confess, it is only 324,689.

Slava Ukraini!

abctax55

Level 15

AND... fix your subject title.

It's NOT taxable, not "taxable".

HumanKind... Be Both

qbteachmt

Level 15

"House Majority Leader Steny Hoyer said the House will vote Monday night on the rule laying out terms for the bill’s consideration, and the House will vote on Tuesday on the Senate-passed version of the bill."

Don't yell at us; we're volunteers

T

TaxButterflyAuthor

Level 3

Thank you. I also read the new article published in Fortune, but I know I can always count on the tax proseries community.

C

chriswillisCPA

Level 3

Passed today.

https://www.journalofaccountancy.com/news/2021/mar/tax-components-coronavirus-relief-bill.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=10Mar2021&utm_content=button

IntuitBettyJo

Community Manager

Hi all,

Please keep in mind our Community Guidelines when posting in the Intuit Accountants community. There are several posts within this thread that violate them, therefore, I am locking post and will monitor all user accounts involved closely for the next 14 days. Any further violations may result in possible suspension from the community.

Regards,

Betty Jo

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