In the summer of 2020, Dyer and other employees of Beacon Journal and Gannett, our corporate parent, had to take several one-week furloughs. He owed $2,559 and mailed in a check, which was promptly cashed, he said. 19, 2021, Dyer - who retired as the Beacon Journal’s “columnist with attitude” in December 2020 - filed his federal taxes electronically. The IRS said it would automatically refund money - or apply the refund to tax debts - for people who already filed their tax return reporting unemployment compensation as taxable income.Īn IRS spokesman has told me there are “unknown numbers” of people who are still waiting on their 2020 unemployment tax refunds. On March 11, 2021, Congress passed the American Rescue Plan Act, which among other things allowed taxpayers to exclude from taxable income up to $10,200 in unemployment compensation paid in 2020 if your modified adjusted gross income was less than $150,000.īut taxpayers affected by this change were told not to amend their taxes if they had already filed. More: Still waiting on your 2020 unemployment tax refund? Help available | Betty Lin-Fisher The short answer: File more paperwork by amending your 2020 return. It took 22 months, but retired Beacon Journal columnist Bob Dyer finally got his tax refund from the IRS for his unemployment benefits from 2020.Īlso, there’s finally some clarity and direction on what the untold number of other taxpayers who are still waiting should do.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |