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Some Michigan unemployment recipients have a tax option they may not be aware of

Michigan taxpayers who filed individual returns and collected unemployment benefits in 2020 should consider filing an amended return for a tax relief benefit.

That’s according to the Michigan Department of Treasury, who say the American Rescue Plan Act excludes unemployment benefits up to $10,200 dollars from income for tax year 2020 for those within certain income brackets.

Taxpayers who might have anticipated owing taxes may now be entitled to a refund, or a lesser payment.

You can learn more at Michigan’s eTreasury resources website.

 

 

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