People in higher tax brackets - particularly those who were laid off from high-paying jobs before qualifying for unemployment - could be owed much more. However, it could be substantial.Ī person in the 10% tax bracket who collected more than $10,200 in unemployment benefits last year would have paid $1,020 in federal income tax on that amount. The amount of individual refunds vary depending on the person's income, how much of their earnings came from unemployment benefits and what tax bracket they're in. "We had thought, after we filed our taxes, that in May we'd get it," he said. Lilley was hoping to use his tax refund to pay for repairs, but he's still waiting. The couple, who have been delivering food for DoorDash to earn additional money in preparation for the benefits cutoff, damaged their car on a recent delivery. His husband has not, and his unemployment benefits are set to expire at the end of June. Lilley has since been re-hired part time. Lilley and his husband both lost university jobs last year and received unemployment benefits. Nicholas Lilley, a student and social media manager living near Akron, Ohio, estimates he's due at least $2,000.
Many of these taxpayers are anxiously waiting refunds. The next set of refunds will come in "mid-June," the agency said, adding: "The review of returns and processing corrections will continue during the summer as the IRS continues to review the simplest returns and then turns to more complex returns."
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