Non Taxable Unemployment Compensation
Question: My husband made less than 2400.00 unemployment compensation do I need to report this when filing?
husband had to take a 2 weeks leave and made about 1000,00 unemployment do i need to report he made any unemployment since the first $2400.00 is non taxable? I already filed should I amend this? and if I have to make corrections anyway should I add this?
Answer: Yes, you have to file it, but the system will take $2400 off automatically
Here Comes A Double Dip Recession...
The following note from Gary Shilling was forwarded by John Mauldin of Thoughts For The Frontline. John includes a short note at the beginning and end. -- Ed.