Bill axes federal tax on unemployment pay
A bill recently introduced in the House aims to help out-of-work Americans keep more of their unemployment benefits.
A bill recently introduced in the House aims to help out-of-work Americans keep more of their unemployment benefits. Sponsored by Rep. John McHugh, R-N.Y., HR 6844 would suspend the federal income tax on unemployment compensation benefits for two years. The measure was referred to the Ways and Means Committee. For more details, visit thomas.loc.gov.
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