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Tax Tip Tuesday: Tip #66, Unemployment Tax Exclusion

April 06, 2021

Did you receive unemployment benefits in 2020?  If so, the IRS expanded the unemployment tax exclusion. However, Georgia and other states are not excluding this income. Taxpayers qualify for the $10,200 exclusion if they earned less than $150,000 in 2020.

For more information, contact Todd Mershon, CPA at (770) 287-7800 or Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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