Unemployment compensation exemption for North Carolina

Forum|Forum|5 years ago
April 25, 2021
1 reply
12 views

Has anyone heard if North Carolina is still taxing unemployment compensation for 2020 recipients. Rumor was they were going to change law and follow the federal.

Also heard they were going to follow the federal on the PPP loan proceeds taxability.

As of April 23, 2021 I have not heard this as definitive.

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dkh

Level 15

https://www.wcnc.com/article/money/federal-covid-relief-includes-tax-break-on-unemployment-but-nc-sc-law-doesnt-comply/275-67fe7d5d-f25e-4559-86e2-c3f41328b7c1#:~:text=The%20Carolinas%20are%20two%20of,taxes%20on%20those%20unemployment%20benefits.

Here is what Google had Sounds like Nope

T

tscottAuthor

Level 5

Thank you for the reply.

However the NC general assembly was to meet last week and take this subject up. We heard from several sources that the consensus was they were going to change their stance and follow the federal rule.

dkh

Level 15

Can't help you there. I've been following the Indiana General Assembly for weeks watching the bill that will exclude unemployment from Indiana income. I'm sure you can do the same for NC. https://www.ncleg.gov/

Frustrating as h3!! waiting on the bill to pass.

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