Money Monday: A look at unemployment tax changes

Money Monday: Unemployment tax changes

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

About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.