Whew! - Tax break for unemployment benefits recipients! | |
2sunshine
User ID: 79895603 United States 03/17/2021 10:22 PM Report Abusive Post Report Copyright Violation | |
Annabelle Haunted Doll
User ID: 79240999 United States 03/17/2021 10:39 PM Report Abusive Post Report Copyright Violation | i dont think anyone will be paying taxes this year or any year! because The Emergency Alert System will be ready to go soon. They will keep pushing the tax date further until it starts. on your TVs. This was given out, so i guess it's safe to spread this. This is what you lot in Glp have been looking for. updates from high places. [link to offeroftrust.com (secure)] read March 17. March 11th is also good information. nearer the bottom. Last Edited by Annabelle Haunted Doll on 03/17/2021 10:43 PM Q - We Know All, We See All The Best is Yet to come |
Anonymous Coward (OP) User ID: 77468770 Denmark 03/17/2021 11:27 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 77468770 Denmark 03/17/2021 11:27 PM Report Abusive Post Report Copyright Violation | i dont think anyone will be paying taxes this year or any year! Quoting: Annabelle Haunted Doll because The Emergency Alert System will be ready to go soon. They will keep pushing the tax date further until it starts. on your TVs. This was given out, so i guess it's safe to spread this. This is what you lot in Glp have been looking for. updates from high places. [link to offeroftrust.com (secure)] read March 17. March 11th is also good information. nearer the bottom. |
Anonymous Coward (OP) User ID: 77468770 Denmark 03/18/2021 01:19 AM Report Abusive Post Report Copyright Violation | |
BuckyBalls
User ID: 77177180 United States 03/18/2021 01:43 AM Report Abusive Post Report Copyright Violation | Some here at GLP have been warning that those who lost their jobs during the biowarfare pandemic lockdowns and were drawing unemployment benefits would be stuck with a large tax liability, if they didn't opt to have taxes withheld from each benefits disbursement. Some good news here about that. The recently-signed American Rescue Plan Act includes a Federal tax break for unemployment benefits recipients. Quoting: Dulcius Ex Asperis ---------- Here’s how the $10,200 unemployment tax break works by Greg Iacurci | Mar 16 2021 (cnbc.com) - Millions of Americans who collected unemployment benefits last year got a new tax break from the American Rescue Plan. Here’s how it works. $10,200 tax break President Joe Biden signed a $1.9 trillion Covid relief bill Thursday that waives federal tax on up to $10,200 of unemployment benefits an individual received in 2020. The break applies this tax-filing season, which started Feb. 12 and runs to April 15. It only applies to federal income taxes. States may decide not to offer the tax break. The IRS urged people who already filed their taxes not to file an amended return to claim the break. The agency will issue forthcoming guidance about what to do, the IRS said Friday. About 40 million people received unemployment benefits last year, according to The Century Foundation. The average person got $14,000 in assistance. Tax exclusion Unemployment benefits are generally treated as income for tax purposes. The new tax break is an “exclusion” — workers exclude up to $10,200 in jobless benefits from their 2020 taxable income. Individuals should receive a Form 1099-G showing their total unemployment compensation last year. The number is in Box 1 on the tax form. For married couples, each spouse can exclude up to $10,200 of their benefits. That would reduce couples’ joint taxable income by a maximum $20,400. Amounts over $10,200 for each individual are still taxable... READ MORE: [link to www.cnbc.com (secure)] I know at least 3 people that owe anteater from 2000 to 5000 back taxes. No bromo dude... |
Anonymous Coward (OP) User ID: 77468770 Denmark 03/18/2021 02:53 AM Report Abusive Post Report Copyright Violation | Some here at GLP have been warning that those who lost their jobs during the biowarfare pandemic lockdowns and were drawing unemployment benefits would be stuck with a large tax liability, if they didn't opt to have taxes withheld from each benefits disbursement. Some good news here about that. The recently-signed American Rescue Plan Act includes a Federal tax break for unemployment benefits recipients. Quoting: Dulcius Ex Asperis ---------- Here’s how the $10,200 unemployment tax break works by Greg Iacurci | Mar 16 2021 (cnbc.com) - Millions of Americans who collected unemployment benefits last year got a new tax break from the American Rescue Plan. Here’s how it works. $10,200 tax break President Joe Biden signed a $1.9 trillion Covid relief bill Thursday that waives federal tax on up to $10,200 of unemployment benefits an individual received in 2020. The break applies this tax-filing season, which started Feb. 12 and runs to April 15. It only applies to federal income taxes. States may decide not to offer the tax break. The IRS urged people who already filed their taxes not to file an amended return to claim the break. The agency will issue forthcoming guidance about what to do, the IRS said Friday. About 40 million people received unemployment benefits last year, according to The Century Foundation. The average person got $14,000 in assistance. Tax exclusion Unemployment benefits are generally treated as income for tax purposes. The new tax break is an “exclusion” — workers exclude up to $10,200 in jobless benefits from their 2020 taxable income. Individuals should receive a Form 1099-G showing their total unemployment compensation last year. The number is in Box 1 on the tax form. For married couples, each spouse can exclude up to $10,200 of their benefits. That would reduce couples’ joint taxable income by a maximum $20,400. Amounts over $10,200 for each individual are still taxable... READ MORE: [link to www.cnbc.com (secure)] I know at least 3 people that owe anteater from 2000 to 5000 back taxes. For 2020 because of unemployment benefits? And I've never heard the term "anteater" used in that context. |
Anonymous Coward (OP) User ID: 77468770 Denmark 03/18/2021 03:10 AM Report Abusive Post Report Copyright Violation | |
Flimflam_man
User ID: 78363501 United States 03/18/2021 04:54 AM Report Abusive Post Report Copyright Violation | You didn't read the article or even the portion I quoted? "The IRS urged people who already filed their taxes not to file an amended return to claim the break. The agency will issue forthcoming guidance about what to do, the IRS said Friday." They should be able to identify who did the withholding last year and just cut an additional check to them if they already filed. Flimflam_man |
Anonymous Coward User ID: 80154986 United States 03/19/2021 01:49 AM Report Abusive Post Report Copyright Violation | |
Flimflam_man
User ID: 78363501 United States 03/19/2021 05:04 AM Report Abusive Post Report Copyright Violation | You didn't read the article or even the portion I quoted? "The IRS urged people who already filed their taxes not to file an amended return to claim the break. The agency will issue forthcoming guidance about what to do, the IRS said Friday." They should be able to identify who did the withholding last year and just cut an additional check to them if they already filed. That's what I'm thinking too. Flimflam_man |
Anonymous Coward User ID: 80154986 United States 03/21/2021 10:11 PM Report Abusive Post Report Copyright Violation | |
BLARGON
User ID: 79627971 United States 03/21/2021 10:13 PM Report Abusive Post Report Copyright Violation | i dont think anyone will be paying taxes this year or any year! Quoting: Annabelle Haunted Doll because The Emergency Alert System will be ready to go soon. They will keep pushing the tax date further until it starts. on your TVs. This was given out, so i guess it's safe to spread this. This is what you lot in Glp have been looking for. updates from high places. [link to offeroftrust.com (secure)] read March 17. March 11th is also good information. nearer the bottom. im honestly not planning on it. Told the IRS to send me the bill on Turbo Tax. I honestly dont think anyone will be there to collect in 2 years..or money will be worth nothing and paying off $5000 will be a days work Last Edited by BLARGON on 03/21/2021 10:13 PM BLARGON |