$10,200 in unemployment benefits won't be taxed thanks to American Rescue Plan

[Right_in_Virginia]

$10,200 in unemployment benefits won't be taxed thanks to American Rescue Plan
CBS, Mar 13, 2021

The $1.9 trillion American Rescue Plan signed into law this week includes a welcome tax break for unemployed workers. The law waives federal income taxes on up to $10,200 in unemployment insurance benefits for people who earn under $150,000 a year, potentially saving workers thousands of dollars. States that currently tax unemployment benefits have yet to decide whether they will allow those state taxes to be waived as well.

The change is good news for many taxpayers, who could save as much as $25 billion, according to the Wall Street Journal. But it also affects an already complex tax season for a tax collection agency that is already behind thanks to understaffing and pandemic-fueled disruptions.


More: https://www.cbsnews.com/news/unemployment-benefits-tax-exempt-american-rescue-plan/

[Right_in_Virginia]

$10,200 in unemployment benefits won't be taxed thanks to American Rescue Plan

But the suckers actually working won't be permitted the same.

[Smokin Joe]

But the suckers actually working won't be permitted the same.

All  the people who deliver food, pizza, dash to your door will not be permitted to deduct their fuel and other vehicle expenses, while those who sat at home and collected checks don't pay taxes on it?