IRS to begin issuing tax refunds for $10,200 unemployment break Households that earned less than $150,000 last year qualify for the tax break, regardless of filing status It's great that Americans won't have to pay taxes on $10,200 of unemployment income. The new law came into effect after millions had already filed their income tax returns, however, so taxpayers are now eligible for an IRS tax refund for up to $10,200 for single filers. That tax break will put a lot of extra cash into … A good problem to fix. Some Americans who received a federal tax break on their unemployment last year may have to file an amended return to get their refund. If you claimed unemployment last year but filed your taxes before the new $10,200 unemployment tax break was announced, the IRS says you can expect an automatic refund starting in May, if you qualify. Stimulus bill unemployment benefits: How a new tax break could save you money. The tax waiver led to some confusion, given it was announced in the middle of tax season, prompting the IRS to offer additional guidance on how to claim it—even if filed your 2020 tax … A final stimulus bill was signed into law on March 11 and includes less money for weekly unemployment …
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