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Articles > Business > Paying Taxes On Unemployment Money? You Should Read This…
April 12, 2021

Paying Taxes On Unemployment Money? You Should Read This…

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Did you receive unemployment money during the COVID-19 pandemic? Typically, people who receive unemployment money must pay taxes on that income. BUT, because the pandemic was such a widespread situation that the government made things different this year.

 

Want to find out if this applies to you? Download our FREE 19-page tax guide, with tax prep help for all types of stylists, plus 103 tax write-offs you need!

 

The most recent COVID-19 relief bill contained a key provision that waives taxes on the first $10,200 in unemployment insurance income for people who have a 2020 adjusted gross income of less than $150,000. 

 

Looking for more info on how COVID-19 assistance programs will affect your taxes? Download our free 19-page tax guide PDF with an entire section on unemployment assistance, Paycheck Protection Program and other COVID programs! 

 

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