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Can I claim my children as dependents on my tax return if my income was from unemployment benefits?
Wiki User
∙ 13y ago
Unemployment income does not effect your dependents and your ability to claim them on your return. As long as you meet the other requirement to claim your children then you can certainly claim them.
Wiki User
∙ 8y ago
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What tax form do you use if you had unemployment benefits in 2008?
Unemployment benefits are reported to you on Form 1099-G (Certain Government Payments). If you had unemployment benefits, you can file any of the 1040 series. Form 1040EZ is Income Tax Return for Single and Joint Filers with No Dependents. It's the easiest form. If you're single or married filing jointly with no dependents and your only source of income was unemployment, then you should file Form 1040EZ. Depending on the complexity of your situation, you may need to file either Form 1040A or Form 1040. For 2008 unemployment benefits, you enter the full amount from line 1 (unemployment compensation) onto line 3 of 1040EZ or line 13 of 1040A or line 19 of 1040. For 2009 returns, report the amount in box 1 of 1099-G that is in excess of $2,400. In other words, $2,400 of your unemployment benefits are excluded from your income, and therefore from tax, for 2009.
You only received unemployment for 2009 will you be eligible for earned income credit?
Unemployment benefits are not "earned income", so you should not be eligible for earned income credit.
Can claiming a life insurance policy affect unemployment benefits?
Generall not since unemployment benefits are related to earned income from losing a job.
Is my unemployment used as income for social security benefits?
No. They are separate funds.
Is unemployment compensation earned income when receiving social security benefits?
no
Can i file a tax return if unemployment was my only income?
Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.
Is unemployment checks considered income?
Yes it is taxable income that has to be reported as such on your 1040 income tax return. For the tax year 2009 the first 2400 of unemployment compensation received will not be taxable income that would have to be added to all of your other gross worldwide income and taxed at your marginal tax rate.
Are federal unemployment benefits taxable in Georgia?
Yes your unemployment benefits will be taxable income in Georgia on your federal 1040 income tax return the first 2400 of your unemployment compensation that you received in the year 2009 will not subject to the federal income tax return.
Can you get unemployment benefits if you receive social security benefits in Oklahoma?
If you are collecting unemployment in the state of Oklahoma you will most likely not be able to collect Social Security benefits because Social Security will count your unemployment as unearned income and not give you any deductions. Without the deductions from income your total income will almost always be too high to receive Social Security Benefits. So, you have to choose. If you are eligible for unemployment then you should take it and forget about your social security income because the unemployment will pay more monthly and while on unemployment in the state of Oklahoma you can receive Medical insurance through O-EPIC / Insure Oklahoma for a very small monthly fee (around $50 a month) The insurance offers $10 Dr visits and $20-$30 co pays on ALL other services ( for example a MRI under O-EPIC would have a flat co pay of $25 with no other bill to come in the mail) You can receive other DHS benefits while on Unemployment in OK such as Medicaid for your children and Food Stamps as long as the total house hold income does not exceed the income guidelines for your family size. I have first hand knowledge of this ....... I was laid off and went on unemployment, I reported my unemployment income to Social Security because I have a disabled child who had received benefits in the past but had lost them only because my income became too high to qualify. I was told that because the unemployment was UNEARNED income it would be calculated differently, leaving my income too high to receive benefits despite the fact that the same amount of EARNED income would qualify him for maximum benefits. I argued that the unemployment was a benefit for working in the passed and should be counted the same as earned income seeings how I earned the unemployment by having a job and had to pay taxes on the unemployment ..... I lost he appeal and my son's SS Benefits. Hope this helps.
Can you file income tax if you only receive unemployment benefit?
Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.Read more: Can_i_file_a_tax_return_if_unemployment_was_my_only_income
Can unemployment benefits can be garnished by outstanding judgment?
Yes, in the majority of U.S. states unemployment benefits are not exempt from creditor judgment action. The usual amount is 10% of the expendable income.
What if you can return to work and your job does not exist any longer is there any other income you can get unemployment insurance until you find other work.?
If the reason you left you job was through no fault of your own, you may be eligible for unemployment benefits. If you already had received benefits, you may be eligible for extension of those benefits (depending on your state and its unemployment history). If neither of these conditions existed, then you'd probably have to seek an income outside the unemployment benefits area because unemployment compensation has only to do with loss of job, and not for having no income. Check with your state's human resources department (or its equivalent) for entitlements.
