Can You Get Taxes Back If You Draw Unemployment?

Answer Different sources of income are taxed at different rates, and this can cause quite a bit of confusion when tax time rolls around. It is sometimes difficult for taxpayers who've become accustomed to... Read More »

Top Q&A For: Can You Get Taxes Back If You Draw Unemployment

Are unemployment taxes deductible?

Unemployment benefits are typically taxed as regular income. However, in 2009 the American Recovery and Reinvestment Act provided that the first $2,400 of unemployment benefits received that year w... Read More »

Are taxes withheld on unemployment checks?

According to the Internal Revenue Service (IRS), taxes must be paid on unemployment benefits. Withholding income taxes on your unemployment income, however, is voluntary. You may have to request th... Read More »

Unemployment Wages & Claiming Taxes?

With national unemployment rates topping 10 percent and some states with even higher percentages of unemployed workers, many Americans are collecting unemployment wages. Come tax time, how to handl... Read More »

Are You Eligible for Unemployment if You Owe Federal Taxes?

Owing taxes can feel like a tremendous burden. It can take careful financial planning and hard work to get caught up on back taxes. Losing work complicates matters and may impose an obstacle to get... Read More »