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Already Filed 2020 taxes? IRS urges taxpayers not to file amended returns!



The IRS strongly urges taxpayers to not file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable.





Click on the link below


https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021





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Millions who relied on unemployment insurance during the pandemic will find that up to $10,200 of those benefits will be exempt from taxes. The tax break is part of the American Rescue Plan, the $1.9

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