Why stimulus checks won't be taxed, but unemployment benefits will be

  • By cvbizz
  • May 11, 2020
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via wyff.com

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Billions of federal coronavirus relief dollars are flowing directly into Americans’ pockets, but will they have to send some of that money back to Uncle Sam come tax time?The good news: Your stimulus payment is all yours!The bad news: If you’re out of work, you will owe federal — and possibly state and local — taxes on any unemployment benefits you collect, including the temporary

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