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Ohio – Unemployment Compensation Exclusion

Colleen Minnich Jun 2, 2021

If you received unemployment compensation and you qualify to exclude up to $10,200 of these benefits on your federal tax return, you will be able to exclude the same amount on your Ohio tax return. If you filed your federal and Ohio tax returns without claiming the unemployment benefits deduction and you are entitled to […]

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Unemployment Compensation Exclusion

Colleen Minnich Jun 1, 2021

On March 11, 2021, the American Rescue Plan was signed into law.  Included in this plan was a provision that exempted up to $10,200 of unemployment benefits for eligible taxpayers(a).  For those taxpayers who qualify for this unemployment exclusion, but filed prior to the enactment of the American Rescue Plan, the IRS has asked taxpayers […]

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