Finance

At least 7 million people are likely to get unemployment tax refunds

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Samuel Corum/Bloomberg via Getty Images

At least 7 million people likely qualify for tax refunds on unemployment benefits received last year, a new report suggests.

The American Rescue Plan, which President Joe Biden signed in March, waived federal tax on up to $10,200 of jobless benefits, per person, collected in 2020.

Taxpayers qualify if their modified adjusted gross income was less than $150,000. That limit is the same for all taxpayers, regardless of filing status.

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About 7.3…



Source cnbc.com

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