Tag Archives: Unemployment

Do you receive unemployment benefits? Depending on which program the benefits are distributed from, you may be responsible for paying taxes on the income. Taxable compensation amounts include money received from any of the following programs: State unemployment insurance Federal Unemployment Trust Fund Railroad unemployment compensation Disability compensation Allowances paid in accordance with the Trade […]

If you have received income via unemployment benefits or from tax refunds issued by state or local governments you may receive a Form 1099-G. You will need to report this income when you prepare your taxes. Benefits from Unemployment You are required to pay taxes on any income earned from unemployment benefits. The amount you […]