Stimulus check: More than $ 2 billion goes out this week – see if you qualify
Stimulus check: More than $ 2 billion goes out this week – see if you qualify

Stimulus check: More than $ 2 billion goes out this week – see if you qualify

The IRS is distributes additional refund checks this week to about 1.5 million taxpayers who received unemployment benefits by 2020, which means some Americans will soon have extra cash in their pockets.

These refunds are for tax paid on unemployment benefits received last year. Typically, unemployment benefits are fully taxable. But the Biden administration’s U.S. bailout plan, adopted in March 2021, exempts up to $ 10,200 in tax benefits for individuals and married couples earning less than $ 150,000 by 2020.

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