Although 2020 unemployment benefits will not be taxed at the federal level for most unemployed Americans, 2021 unemployment payments received could likely be considered IRS taxable income.
Harvey explains why it may be prudent to have 10% federal withholding taxes taken out in order to avoid the pressures of a tax bill at 2021 filing time.
Click here for more on this: https://fortune.com/2021/03/15/3rd-stimulus-update-unemployed-jobless-300-extra-unemployment-tax-forgiveness-pua-puec-covid-aid/
