Coronavirus Unemployment Benefits Tax Relief Act This bill excludes from employee gross income, for income tax purposes, unemployment compensation received in taxable years beginning in 2020 that does not exceed $10,200.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance. (text: CR S5869)
Introduced in Senate
Read twice and referred to the Committee on Finance. (text: CR S5869)
Taxation
Income tax exclusionUnemployment
Coronavirus Unemployment Benefits Tax Relief Act
USA116th CongressS-4713| Senate
| Updated: 9/24/2020
Coronavirus Unemployment Benefits Tax Relief Act This bill excludes from employee gross income, for income tax purposes, unemployment compensation received in taxable years beginning in 2020 that does not exceed $10,200.