Another Round Of Tax Refunds Will Be Issued This Week
According to a recent press release the IRS announced that another round of tax refunds will hit July 14th and more on July 16th.
Just in time with rumors of unemployment being kicked back and forcing Michiganders to pay that money back due to an error, these tax returns are a much-needed boost
According to the IRS, The American Rescue Plan Act of 2021, which became law in March, excludes up to $10,200 in 2020 unemployment compensation from taxable income calculations.
Refunds by direct deposit will begin July 14, and refunds by paper check will begin July 16. The IRS previously issued refunds related to unemployment compensation exclusion in May and June, and it will continue to issue refunds throughout the summer. Source:NBC25.com
The pandemic messed more than just our health and daily activities. The finacinal system is still trying it's best to keep up. I feel like once we get through this year everything should balance itself out and things should line up right on schedule, hopefully.