Here’s what you need to know about paying taxes on unemployment benefits

Here’s what you need to know about paying taxes on unemployment benefits

Over 36.5 million Americans have filed for unemployment over the past eight weeks as the coronavirus pandemic hit the U.S. and prompted many businesses to hit pause. 

But thanks to federal lawmakers, more out-of-work Americans can apply for unemployment benefits and also get more in their pocket under new, temporary rules put in place. 

While that’s good news for many struggling amid the…

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