The Tax Questions Blog

Posts Tagged ‘non taxable unemployment compensation 2009’

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.

Question: what does this mean in terms of child support/ unemployment?

(2006) There shall be a rebuttable presumption that a parent who receives unemployment
compensation has been terminated involuntarily and without cause. Their unemployment
compensation shall be included as other taxable income.

i took that off of this site:

http://courts.delaware.gov/how%20to/Support/?ChildSupportGuidelinesEdV121106.pdf

my ex is about to get layed off. i'm trying to find out if that means he doesn't have to pay child support.

Answer: This means that he will receive unemployment compensation if he is terminated and not fired. As for Child support - he may not make enough money on unemployment to cover child support. Which would totally suck. The cool thing is that he will get in big trouble if he doesn't pay and eventually he might end up in jail. Hopefully he will pay you something. I will keep my fingers crossed that he will continue to pay you.

Hawaii's unemployment fund forecast a bit less gloomy

There's been a slight brightening of the picture for the state's unemployment compensation fund, though employers are still facing a more than 1,000 percent jump in unemployment insurance tax rates this year.

Tips from the IRS-Unemployment Compensation