Code Section 85

 

Code Section Effective Date Name of Act Name of Provision 10yr Revenue Estimate ($millions)
85 12/31/2008 The American Recovery and Reinvestment Act of 2009 (Public Law 111-5) Exclusion from gross income for unemployment compensation benefits -4,740

Exclusion from gross income for unemployment compensation benefits

Explanation of Provision

The Act provides that up to $2,400 of unemployment compensation benefits received in taxable years beginning in 2009 are excluded from gross income by the recipient.

Back to Tax Tracker Codes Menu