Even though your tax return could show that you're in for a refund from the IRS, the funds could be kept in what's known as an offset to pay your debts.
Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan ...
In a memo released yesterday, the U.S. Labor Department states that workers who were asked to repay unemployment benefits received through the CARES Act might be able to get a refund, although it ...
The American Rescue Plan Act waived federal tax on up to $10,200 of 2020 unemployment benefits per person. President Joe Biden signed the pandemic relief law in March. The IRS has identified 16 ...