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What tax form do you use if you had unemployment benefits in 2008?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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Are unemployment benefits taxable in Wisconsin?
Unemployment Insurance Benefits are considered income for federal and state tax purposes. If you have received unemployment benefits in 2010, you will receive Form 1099-G which you should file with your tax return this year. See related links for more information about the 1099-G form.
Can the franchise tax board levy unemployment benefits?
Yes
Can overpayment unemployment debt be taken in tax refund?
Yes. Unreturned unemployment benefits overpayments may be deducted from your federal income tax refund.
What is FUTA Tax?
The purpose of the FUTA tax is to provide funds that the states can use to administer unemployment benefits.
If you owe unemployment can they deduct it from your income tax?
The state can't take overpayment of unemployment benefits from a Federal tax refund. Some states have provisions to deduct such from the state tax refund of their state. Most states will take a percentage of future unemployment benefits to pay off unemployment compensation overpayment.
What tax supports the unemployment compensation system?
The employers pay the states a payroll tax, from which the states pays the unemployment benefits from. See the Related Question below for more information.
How much tax deduction for 2009 unemployment benefits?
Under the American Recovery and Reinvestment Act, enacted last month, every person who receives unemployment benefits during 2009 is eligible to exclude the first $2,400 of these benefits when they file their tax return next year.
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 file a tax return with just unemployment benefits as an income?
Not only can you file a tax return with just unemployment benefits, but in some cases you have to. Unemployment benefits are considered income, and as long as your income is greater than the filing threshold, you have to file a return. For 2012 the filing thresholds are $9,750 for single filers and $19,500 for a married couple. You should get a 1099-G [Certain Government Payments] summarizing all of the benefits you received throughout the entire tax year.
What caused US President Reagan to sign a bill to tax unemployment benefits?
yes...his idea!
Are unemployment benefits from one state taxable in another state?
No, those are state tax benefits that can only be taxed by the state you live in.
What is a UCT-6 form?
Unemployment Compensation Tax or UCT-6 tax that is due in Florida
