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Money Monday: A look at unemployment tax changes

Rod Meloni, Reporter, CFP ®

Tags: Money, Money Monday, Money Tips, Financial Tips, Monday Monday With Rod Meloni, Taxes, Tax Return, Income Tax, Unemployment, Unemployment Benefits, Coronavirus Pandemic, Michigan Coronavirus, American Rescue Plan

The U.S. government’s American Rescue Plan has changed how unemployment benefits are taxed amid the coronavirus pandemic.

Watch the video above to learn more.

Read more from the IRS about recalculating taxes on 2020 unemployment benefits on their website here.

More: Money Monday section

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