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'Tax-time surprise': COVID-19 unemployment benefits lead to higher tax bill for unsuspecting filers

Fox Business reported.If you haven’t been making those deductions, you may be dealt an unpleasant surprise tax bill this season.

Additionally, The Washington Post reports cases of people who did withhold and still face tax bills that climb into the thousands.RELATED: Unemployment claims drop to 730,000; pandemic keeps layoffs highA bit of relief is on the horizon in the form of a $1.9 trillion stimulus package, which includes $1,400 direct payments to Americans.

Democrats are hoping President Joe Biden can sign it in mid-March.That timeline would allow the Internal Revenue Service to distribute stimulus payments before the April 15 tax deadline.

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