IRS updates Topic G FAQs for 2020 Unemployment Compensation Exclusion

 

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

This updated FAQ adds a question:

Question 10, Topic G: Receiving a Refund, Letter, or Notice

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available.