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Do you need to do taxes if your only income all year was from unemployment insurance?
Wiki User
∙ 14y ago
Yes you do and the first 2400 of taxable unemployment compensation that you received in the tax year 2009 is subtracted from your total amount received during the year and the remainder is entered on the line on the 1040 tax form that you are using for unemployment benefits 1040 line 19, 1040A line 13 and 1040EZ line 3.
Wiki User
∙ 14y ago
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Where do you pay state tax on unemployment compensation?
As each state, that collects income taxes, has different criteria, you need to check with your state's tax commission, or its equivalent. The unemployment taxes are subject to the IRS' income taxes.
Do I need to pay taxes on an insurance claim payment?
No, the insurance settlement is considered compensation for a loss, not income.
Which form is used to report wages and federal unemployement tax liability?
Income from unemployment is reported on your individual income tax return (Federal Form 1040). If you want/need to pay in towards what you expect to owe in federal income taxes on your unemployment income during the year, you can make estimated income tax payments on Forms 1040-ES. You do need to put your social security number, tax form number and tax year on your check, but you do not need to tell tham that it is for taxes on unemployment income. Do be careful to avoid penalties and interest for underpayment of taxes as the IRS generally prefers to get paid throughout the year, just as the rest of us do.
File taxes didn't work the previous year?
Whether you need to file taxes does not depend on whether you worked. It depends on whether you had income. Unemployment compensation, pensions, interest, dividends, rents, royalties, investment income are all types of income that needs to be reported on a tax return.
Do you get a w2 if you collected unemployment in 2008?
You don't get a W2, but you will get a 1099 and it's kind of like a W2. You need this to file your taxes because it is a taxable source of income.
Do you have to report social security on your unemployment claim form?
Social Security already has all the work history/wages they need to determine your eligibility (based on the previous deductions from your paychecks) and your unemployment benefits plays no part in their consideration.
Do you need to file your auto insurance claim with your taxes when filing them?
Your auto insurance claim has nothing to do with filing your income taxes. You file your auto claim by notifying your agent right when the incident occurs so they can start working on the claim as fast as possible.
How much budget do you need if you established a computer shop with 15 units of computers?
This is impossible ot answer. It all depends on the types and cost of computer, utility rates, how many customers you have, income, property taxes and rental, subscription services, employee wages, healthcare, unemployment insurance, taxes, and more. I would recommend calling a professional business consultant, or at least an accountant.
Do you need to file taxes if you had no income?
yes
How can someone get free health insurance?
If you are unemployed or have an extremely low income you may qualify for free health insurance. You would need to sign up at your unemployment office or your Department of Health and Human Services to see if you quality.
Why do you need to do your taxes?
Generally, you only need to file taxes if your income is above a sertain dollar amount.
Do you need to pay income taxes on pensions?
I think No
