Tax refunds for unemployed Americans are hitting bank accounts
CBSN
Americans who collected jobless benefits last year and filed taxes early are starting to receive their refunds.
The Internal Revenue Service said this week that it has processed refunds for 2.8 million people who paid tax on unemployment compensation. These are people who filed returns before mid-March, when the American Rescue Plan made some unemployment benefits nontaxable. At the same time, the IRS increased its estimate of people who could be in line for tax refunds because they filed taxes before the law changed. About 13 million Americans may be eligible, the agency said on Friday, up from the 10 million it estimated late last month.Washington — The Supreme Court on Friday said it will consider the constitutionality of the Federal Communications Commission's Universal Service Fund, agreeing to review a lower court decision that upended the mechanism for funding programs that provide communications services to rural areas, low-income communities and schools, libraries and hospitals.
Jeff Bezos' Blue Origin launched six space tourists on a high-speed dash to the edge of space and back Friday, giving the passengers — including a husband and wife making their second flight — about three minutes of weightlessness and an out-of-this world view before the capsule made a parachute descent to touchdown at the company's west Texas flight facility.