Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Here Is The Final Version of the Legislation

BobKamman
Level 15

The House will vote Wednesday morning on this final version the Senate just sent over. 

https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR1319EAS.pdf

See page 299 for the change to taxable unemployment compensation.  

Probably more important in the long run are the changes to the child tax credit, making it a monthly payment to parents.  But we'll have to absorb those.  

Here's an interesting number I came across.  Do you know how many Americans collected unemployment last year?

About 40 million, it's estimated. 

Good thing we all waited to finish their returns.  

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

2 Comments 2
sjrcpa
Level 15

Thanks for posting - I think.


Ex-AllStar
0 Cheers
abctax55
Level 15

About 40 million, it's estimated. 

And way too many of those are sitting in a file drawer because I can't finish them; it's driving me nuts.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"