Collecting Unemployment Income Tax Question

by Diane Days
(Detroit, MI)

Collecting Unemployment Income Tax Question

Collecting Unemployment Income Tax Question

Hello, My name is Diane and I live in Michigan. I had been working full time and I also had a face painting business that I would do on weekends.

My position was eliminated in March of 2010. I filed for unemployment and continued face painting. I am now concerned about whether I will be asked to repay the unemployment?

It is a sole proprietorship so I include everything on my joint return with my husband.

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Ive Been Getting Unemployment For a Year

I am filing my income tax this week. I only got uneployment for the year but they were takeing taxs out my son is in college and he live with me. Can I take any kind of credit this year?

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Unemployed Father as Dependent

by Katrina

If my father is unemployed, can I add my unemployed father as my dependent?

If your father is unemployed and you provide over half the cost of living for him, you may very well be able to claim your unemployed father as your dependent on your income tax return.

Please see the IRS Publication 17 for the additional requirements involved with being able to claim your parent as a dependent on your income tax return.

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Unemployed Spouse

If my spouse was unemployed (no income), do I still file a joint return or do I file and claim my spouse as a dependent?

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Unemployment Benefits

I received unemployment benefits from California while living in Mississippi and now I find I'm being taxed in Mississippi. If I didn't make any money in Mississippi why do I owe Mississippi State tax?

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Unemployment

by Connie
(georgetown, ky(usa))

I didnt work any in 2010 I only drew unemployment, Im 39 and single, i drew 17,663.oo and had federal tax taken out in the amount of 1,780.00 so will i get any money back or owe it all in state?

Comments for Unemployment

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Mar 29, 2011
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Unemployment Income
by: Stephanie

Hello,

Thank you for your unemployment question.

Based on the information you provided, filing as Single making 17663 in unemployment wages and 1780 in federal income tax withheld you would end up with a refund of 1347.00 shown below:

AGI 17663
STANDARD DEDUCTION -5700
EXEMPTION -3650
TAXABLE INCOME 8313

TAX LIABILITY -833

FEDERAL INCOME TAX WITHHELD 1780
MAKING WORK PAY CREDIT 400
TOTAL PAYMENTS 2180

AMOUNT OVERPAID 1347

(2180-833=1347)

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Unemployment Income Taxability

Do I have to pay income tax on unemployment? I worked until Sept. 1,2010 and the rest of the year I drew unemployment. I was thinking that we did not have to pay income tax on unemployment. Evedently I am mistaking reading other questions about unemployment, I see that other people have paid taxes on unemployment.

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Unemployment and Severance Pay

I was recently laid off from my job. I am entitled to severance pay for one year. I was told by my former employer to file for unemployment benefits immediately.

My question is am I entitled to collect unemployment while collecting severance pay, or should I wait until the severance pay runs out.

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Unemployment and Tax Return

by Krystal
(New York, NY)

Hello,

I recieved about 11,000 this year in working income. I was laid of in May, I also recieved 11,010 in unemployment. I didnt let them take out any taxes. My question is, I plan to file single head of household with 2 dependents, Age 3 and 9. How much do I owe unemployment and will I get any taxes back from my working income?

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Unemployment in 1 State But Live in Another

by Jeff
(Alabama)

I recieved unemployment from Vermont, Jan-Oct 2011, but lived in Alabama from May 2011 & subsequently married and work in; who do i pay state tax to?

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Unemployment Question

by Melissa
(South Carolina)

I received unemployment all year in 2011. If I claim 3 dependents, one being a child and did not pay any taxes on the unemployment, can I possibly still receive a refund? Thanks. Melissa Roach

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Unemployment Taxes More Than Withholding

by Hannah
(Texas)

Hi there, I live in Texas and received unemployment in 2010. I had the standard 10% withheld but when entering into my taxes this year, the amount I owe increases several thousand dollars more. Is the 10% not enough to cover that income? Why do I owe so much more on the unemployment income that the 10% withheld? Thank you.

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