2006-12-15 01:09:58 · 12 answers · asked by Charity 2 in Business & Finance ➔ Taxes ➔ United States
yes unemployment is taxable.Most states now have it set up to have taxes deducted from unemployment check instead of paying it when you file your taxes.
2006-12-15 01:13:16 · answer #1 · answered by renchick13 2 · 0⤊ 0⤋
PA is between the few states the position the worker will pay area of the unemployment comp money, even with the actual incontrovertible reality that the corporation nevertheless will pay maximum of it. in case you seem on the quantity taken out for PAUC, you'll likely see pennies, of a dollar or 2 at maximum.
2016-11-26 20:51:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Yes. With regard to what joonbug posted, you can't deduct those expenses against your unemployment compensation directly - they can only be deducted as a miscellaneous itemized deduction subject to the 2% of AGI floor on your Schedule A.
2006-12-15 03:25:01 · answer #3 · answered by jinenglish68 5 · 1⤊ 0⤋
Yes...even some state tax returns are taxable.
2006-12-15 01:17:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes- it is payment in lieu of employment income.
Worker's Compensation is not taxable.
2006-12-15 07:29:03 · answer #5 · answered by besttaxexpert 2 · 0⤊ 0⤋
Yes, it is. You can also deduct expenses such as the cost of printing resumes, cell phone bills to prospective employers, commuting costs, etc. Because when the State sends you the unemployment checks, they report it to the IRS.
2006-12-15 01:12:45 · answer #6 · answered by Joonbug 3 · 1⤊ 1⤋
Yes, most definetly any tyoe of income is taxable
2006-12-15 01:39:52 · answer #7 · answered by Jessi 2 · 0⤊ 0⤋
Absolutely.
2006-12-15 01:18:38 · answer #8 · answered by jeepdrivr 4 · 0⤊ 0⤋
It should not, because I feel the amount cannot be beyond taxable slab of taxation. But it depends on the country.
2006-12-15 01:32:00 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Yep. Should've had it done when collected.
2006-12-15 01:12:52 · answer #10 · answered by Sandra 5 · 0⤊ 0⤋