Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Are unemployment benefits fully taxable in 2021?

Level 9

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

0 Cheers
2 Comments 2
Level 15

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.  

Level 15

@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.