Tax refunds for unemployed Americans are hitting bank accounts
CBSN
Americans who collected jobless benefits last year and filed taxes early are starting to receive their refunds.
The Internal Revenue Service said last week that it has processed refunds for 2.8 million people who paid tax on unemployment compensation. These are people who filed returns before mid-March, when the American Rescue Plan made some unemployment benefits nontaxable. At the same time, the IRS increased its estimate of people who could be in line for tax refunds because they filed taxes before the law changed. About 13 million Americans may be eligible, the agency said on Friday, up from the 10 million it estimated late last month.
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