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FAQ / What if I receive unemployment compensation?Unemployment compensation you received under the unemployment compensation laws of the United States or of a state must be included in your income. It is taxable income. If you received unemployment compensation, you should receive Form 1099-G showing the amount you were paid and any federal income tax you elected to have withheld. For more information, see Publication 525, Taxable and Nontaxable Income. Note: The American Recovery and Reinvestment Act temporarily will change the taxation of unemployment benefits for the 2009 tax year only. Under the new economic stimulus law, the first $2,400 of unemployment benefits received in 2009 will not be subject to federal taxes. The exemption will be reflected on those tax returns filed in 2010. Keywords: us law, form 1099, |
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TestimonialsJohn BeacleayJust wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo... As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce... |
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NewsNovember 11, 25US Supreme Court allows State Department to limit passport sex to birth certificate gender marker Read More » November 5, 25 Clerical error on birth certificate prevents Arizona teen from joining school’s male basketball team Read More » October 29, 25 Florida violinist arrested for smashing pumpkins Read More » October 27, 25 Scammers exploit LastPass “digital will” function by referencing phony death certificate Read More » |