Senate Bill Seeks To Nix Taxes On Up To $10K In Unemployment

Unemployment income up to $10,200 earned by individuals during 2020 would not be subject to federal income taxes under a bill introduced in the Senate.

The Coronavirus Unemployment Benefits Tax Relief Act, introduced Tuesday by Sen. Dick Durbin, D-Ill., would apply to benefits received through the states as well as federal programs such as Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation, according to a news release from Durbin's office.

--Editing by Neil Cohen.

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