Stimulus checks and unemployment: What will get taxed?

Posted at 9:15 AM, Jan 04, 2021
and last updated 2021-01-04 09:15:39-05

NEW YORK — Although you may be tempted to leave everything about 2020 in 2020, we still have to deal with 2020 taxes.

As millions of Americans received their second stimulus checks or are awaiting it, a lot of questions have surfaced about how this money will be taxed.

Financial expert Lynnette Khalfani Cox explained how the pandemic will affect this coming tax season.