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HomeNewsThat Extra Unemployment: Millions Receiving Could Owe Surprise Taxes

That Extra Unemployment: Millions Receiving Could Owe Surprise Taxes

According to a recent Jackson Hewitt Tax Service survey reported on by Nexstar Media Wire, roughly 40% of Americans receiving pandemic unemployment benefits did not know their checks were taxable, the news station reported. People who did not set aside or withhold money from their unemployment income for their 2020 income taxes could owe the IRS 10% of that income when they file, Nexstar reported.

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Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
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