I have a question about tax on unemployment income — Will unemployment benefits tax have ramifications on my refund?
Regarding unemployment benefits tax, unemployment benefits are taxable income. If your income goes up because you receive unemployment, your tax liability, due to tax on unemployment income, can go up, too. This means your refund will be lower or you’ll owe more taxes — Unless you covered the increase for tax on unemployment income by either:
- Withholding from your unemployment benefits
- Paying estimated taxes
Do capital gains apply to garage sale money? The answer depends on a number of factors. Learn more at H&R Block.
Are stock dividends taxable? Learn more about stock dividends and get tax answers at H&R Block.
If you are selling items at a farmer's market, learn how to file your taxes with H&R Block. From cash income to bartering, these tax tips will help.
Did you sell property over the past tax year? Find out from the experts at H&R Block how to calculate cost basis for your real estate.