- This topic is empty.
- You must be logged in to reply to this topic.
Posted by Randy Park, 3 replies
Are unemployment benefits taxable?
Sorry, yes, that is a line item on pg 1 of 1040.
#RESOURCE: Although it doesn’t seem quite fair, the IRS does consider unemployment income as taxable income, as do most states.
On the bright side, if your sole source of income during 2015 was from unemployment, you might not have enough income to be required to file a return.
Unemployment income is reported on Form 1099-G. After you enter your unemployment income, we’ll figure out how much (if any) is taxable by the IRS and your state.
#Cathy Roberson, Freelance Writer
4276 Delaware Avenue
San Francisco, CA 94108
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.