On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law, providing a long-awaited additional round of economic relief related to the COVID-19 pandemic.

For folks still waiting on the Internal Revenue Service to deliver their special tax refunds for the unemployment compensation tax exclusion for 2020, don’t count on the money for the holidays. The ...

The American Rescue Plan enacted on March 11, 2021 is allowing people to exclude from income up to $10,200 of unemployment compensation paid in 2020 if their modified adjusted gross income (AGI) is ...

ST. LOUIS — The economic side effects of the pandemic claimed millions of livelihoods, with state and federally boosted unemployment checks helping people get by for weeks or even months at a time.

Taxpayers whose 2020 income tax returns were revised by the IRS to exclude unemployment benefits from gross income may be eligible for the additional child tax credit or earned income tax credit as a ...

The break is the result of a compromise between Democrats and Republicans. As Americans file their tax returns for 2020 -- a year riddled with job insecurity -- millions who relied on unemployment ...

The national unemployment rate was 6.7% in November 2020, according to the U.S. Bureau of Labor Statistics (BLS). College graduates fared better, while people with just a high school diploma fared ...