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Tax Tip Tuesday: Tip #66, Unemployment Tax Exclusion

April 06, 2021
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Did you receive unemployment benefits in 2020?  If so, the IRS expanded the unemployment tax exclusion. However, Georgia and other states are not excluding this income. Taxpayers qualify for the $10,200 exclusion if they earned less than $150,000 in 2020.

For more information, contact Todd Mershon, CPA at (770) 287-7800 or Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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