Stimulus Check: Over $2 Billion Going Out This Week – See Your Eligibility – Community News
Stimulus Check

Stimulus Check: Over $2 Billion Going Out This Week – See Your Eligibility

The tax authorities are handing out extra refund checks this week to about 1.5 million taxpayers who received unemployment benefits in 2020, meaning some Americans will soon have extra cash in their pockets.

These refunds are for taxes paid on unemployment benefits received last year. Unemployment benefits are usually fully taxable. But the Biden administration’s US bailout plan, passed in March 2021, exempts up to $10,200 from tax breaks for individuals and married couples who earned less than $150,000 in 2020.