The IRS announced they will be sending refunds to the approximately 13 million taxpayers affected by the tax law change regarding unemployment compensation received. On March 11, President Biden signed into law the American Rescue Plan bill which makes unemployment compensation up to $10,200 non-taxable for federal income tax. Many taxpayers filed their returns before this change occurred and are due a refund. The IRS is processing these refunds without amended returns.
Read more from the IRS Newsroom.
