Good & bad news on taxes for coronavirus relief money
(CNN)- Billions of federal coronavirus relief dollars are going straight to Americans, but will they have to send some of that money back to Uncle Sam at tax time?
You can opt to withhold taxes from your weekly benefit through your state unemployment agency, pay estimated taxes quarterly or wait until you file your return.
If requested, states typically withhold 10% for federal taxes and an additional amount to cover their levy, if applicable.