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.