Like many others, I lost my job late 2020 due to covid. It took about 5 months to find a job wherein I drew unemployment until March of 2021. I tried to file my taxes and I have come to learn I still owe taxes on my unemployment income. I know for 2020 taxes, the first $10k were tax-deductible, but I see no such plan for 2021. Is there any relief on the horizon or am I (and I can only assume so many others!) stuck with this? So frustrating!
Like many others, I lost my job late 2020 due to covid. It took about 5 months to find a job wherein I drew unemployment until March of 2021.
I tried to file my taxes and I have come to learn I still owe taxes on my unemployment income. I know for 2020 taxes, the first $10k were tax-deductible, but I see no such plan for 2021. Is there any relief on the horizon or am I (and I can only assume so many others!) stuck with this? So frustrating!