Unlike the stimulus check which is tax free, any money that we receive from the federal or state government for unemployment is included in our gross income and taxed at your ordinary income rate. Many Americans forget that the extra $600 a week will be taxed along with the base amount that unemployment grants us.
This "free" money isn't free, and we must be aware that it will be accounted for when tax season comes back around. Visit the article from "Business Insider" for further information.
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