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Smart Tax LLC

THE Tax Professionals

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Unemployment Taxability

Posted on 3 December, 2020 at 11:27 Comments comments (0)
Any federal or state unemployment that you received will be taxable on your 2020 return.  Know that this will affect other items on your return, especially if you typically receive Earned Income Credit.  You can make an estimated tax payment if you think there is a balance due on your return.

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