The IRS will start issuing extra refund checks on 2020 unemployment benefits later this month. The American Rescue Plan, which President Joe Biden signed into law on March 11, retroactively waived federal taxes on the first $10,200 worth of unemployment aid received per person in 2020. Married taxpayers filing jointly …
Read More »Senate Democrats Propose Overhaul Of Unemployment Insurance
Today, U.S. Senator Michael Bennet (D- CO.) and U.S. Senator Ron Wyden (D-Ore.) unveiled their proposal to overhaul the nation’s unemployment insurance (UI) system. “The COVID-19 pandemic has made it overwhelmingly clear that our nation’s unemployment insurance system is inadequate and unreliable for workers when they lose a job,” said …
Read More »