Level 1

Is there any update on the tax free unemployment bill?

Forum|Forum|5 years ago
February 16, 2021
2 replies
27 views

The $10,200 tax free unemployment bill was sent to committee in September. Has there been any updates? What's the likelihood this will become law for the 2020 tax returns?

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Your guess is as good as anyone elses.

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BobKamman

Level 15

It was sent there to die after its sponsors got the stimulus of a press release before the election. If there had been any real support for it, it would have been included in the law that was enacted in December.

sjrcpa

Level 15

Durbin reintroduced it, or introduced a similar one, in February 2021.

The more I know the more I don’t know.

qbteachmt

Level 15

"The Coronavirus Unemployment Benefits Tax Relief Act would waive federal income taxes on the first $10,200 of unemployment benefits received in 2020. The tax relief would extend to both workers who received benefits through federal unemployment programs like Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) as well as those who received traditional benefits through their state unemployment insurance fund."

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