IRS Updates Topic G FAQs for 2020 Unemployment Compensation Exclusion

Internal Revenue Service

WASHINGTON, D.C. — The Internal Revenue Service recently updated its frequently asked questions (FAQs) on 2020 Unemployment Compensation Exclusion (FS-2022-01).

This updated FAQ adds a question:

The IRS states that these FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

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