Great news for people on unemployment who have already filed their 2020 tax returns! The IRS says do not file an amended return. Monies received from unemployment up to $10,200 will not be taxed and will be automatically processed on the government side on your return. There are restrictions to take note of which Larry explains in further detail.

Check out our other Stimulus Checks videos!👇
How to get the Right Stimulus Payment on your 2020 Tax Return
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Never Got Your Second Stimulus Check? Or First One? Here's What You Do!
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NEW Charitable Contribution Deductions Explained | CARES ACT UPDATE 2020
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.

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