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No, it is optional, You can avoid a big lump-sum tax bill on April 15 by paying quarterly estimated taxes on your unemployment income. A new legislative bill called the "JOBLESS STUB 2009 TAX FREE ACT" (STUB meaning Stop Taxing Unemployment Benefits)is being launched. The web site at Unemployment Gone Mad serves a community of activists and supporters and the bill plan proposal makes all Unemployment Benefits received in 2009 tax free, not just the current IRS $2400 deduction. If the bill passes it will change everthing so stay tuned in for updates
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Do you have to file unemployment taxes this year?
If you got unemployment in 2012 you do have to file taxes if you didn't have the taxes taken out of the unemployment you received.
Do you pay taxes on state unemployment income?
Yes, you can choose to have taxes withheld or pay them back at tax time.
How do you journalize the entry to record accrual of payroll taxes 198.40 FICA taxes 19.84 federal unemployment taxes and 133.92 for state unemployment taxes?
debit taxes expenses 352.16credit payroll taxes 198.4credit unemployment tax 19.84credit state unemployment 133.92
When is a new employee liable for unemployment taxes?
He's not. The employer is the one who pays the state unemployment taxes.
Can you receive any income from periodic work while on unemployment in California?
Sure you can, but your unemployment benefits will be clawed back. It will also negatively affect your total taxes.
Do you file state taxes for unemployment?
no
Is there a maximum to unemployment taxes paid by an employer?
The taxes paid to the state by the business (for the purpose of the state paying unemployment claims) through their payroll taxes are determined by the state collecting them.
Can California garnish unemployment payments for back taxes?
California will attempt to take money from anybody for anything, including states which with they have made reciprocal arrangements. In some "hardship" circumstances, you can outmaneouver them, but you are better off getting your back taxes reduced or eliminated, as back taxes accrue interest and penalties.
Can you still file for unemployment if you did not file your taxes this year?
yes. Unemployment Insurance is filed with your state, when you become unemployed. Taxes are filed based on calendar years.
Can I use the 1040ez to file my taxes if I was on unemployment?
You will be able to use the 1040ez form if you collected unemployment.
Who enacted 1987 taxes on unemployment?
President Reagan.
Are taxes taken out of unemployment checks in Arkansas?
Yes
