The IRS has finally refunded 12 million American taxpayers who incorrectly paid tax on their unemployment benefits during the 2020 tax year.
A total of $14.8billion was dished out, meaning the average refund was worth around $1,232, the agency said in a press release.
The refund applies due to the American Rescue Plan Act of 2021, which waived federal income tax on unemployment benefits - as long as they were less than $10,200 and the person's total income was less than $150,000 a year.
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