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In 2008 it was.
In 2009, the first $2400 per person is federal tax-exempt.
On joint returns, each spouse can claim their own exemption.
State rules vary.
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Is unemployment compensation taxable in the city of Pittsburgh Pa?
Unemployment Compensation is considered non-taxable income for the Earned Income Tax.
Is unemployment compensation taxable in the state of Ohio?
Ohio is one of the states in which unemployment compensation is fully taxed. In Ohio, unemployment compensation is treated the same as a type of income, therefore income taxes are paid.
Is New York State unemployment compensation taxable for a North Carolina resident?
Yes.
Are unemployment compensation benefits taxable in West Virginia?
It is my opinion that unemployment benefits received from the State of WV are taxable to the receipient on form IT-140. No decreasing modification is allowed or provided for this income.
Will you get a tax return if you received unemployment all year?
Because unemployment compensation is, at least, Federal income taxable, if during the year you have other income which puts you in a taxable bracket, and you overpaid your taxes, then like any other tax payer you would be entitled to a refund.
Are 2010 unemployment benefits taxable?
Unemployment compensation has been subject to Federal Income taxes so far and there is no indication it will be different in 2010. Having said that, anything is possible.
Is it true that Unemployment compensation benefits received are taxable to the person that receives them?
Yes - because it's classed as 'un-earned income'.
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.
Do you have to file taxes if you were unemployed all year and don't have a W2?
Yes, if you received unemployment compensation from the state you would have some taxable income to be reported on your 1040 income tax form. You should have received a W-2G with the information regarding the taxable amount of your benefit. If you received government unemployment compensation, contact the agency for a copy of this form.
Is unemployment benefit subject to DC income tax?
Yes, it is taxable as wage compensation. See Sec. 47-1803.02(b)(1), D.C. Code
Who is the payer for unemployment?
The employer pays the state through payroll taxes (or directly) and the benefits to the claimant is income taxable.
Do you pay taxes on workers comp settlement in La?
Workers Compensation benefits are completely non-taxable for federal income taxes.
