Tax on Unemployment Income
Unemployment compensation benefits are fully taxable. You can have 10% of your unemployment payment withheld to help pay your federal taxes. You can also withhold state income taxes.
Withholding is voluntary. It eliminates the need to make estimated tax payments. If you want taxes withheld, file a Form W-4V: Voluntary Withholding Request.
If you make a profit on the sale of your home, the gain may not be taxable. Learn more about the tax implications of selling a house with the experts at H&R Block.
If a stay-at-home mom earned a salary, what would it be? Learn more about how much mom is worth at H&R Block.
When you come into surprise money, you have to pay taxes on prize money. Learn more with the tax experts at H&R Block.
Should you open an IRA? Learn more about the advantages of Roth IRAs and traditional IRAs with this helpful list from H&R Block.