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Category: Unemployment

Unemployment

Is the unemployment I received taxable?

September 30, 2020October 1, 2020 Bethany Elam, CMA, EA

So you received unemployment due to being out of work either because your employer had to shut down temporarily or you had to close the doors to your own business for a period of time. Now you're wondering if you'll be faced with tax consequences. See what the IRS says about it below. "IR-2020-185, August… Continue reading Is the unemployment I received taxable?

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