The Tax Questions Blog

Posts Tagged ‘non taxable unemployment compensation’

Question: Filing unemployment taxes, forgot to add it.?

Well my husband was denied unemployment, and we are appealing it. We are still getting the money from them until after the appeal. We only got 705$ for the year 2009. I didn't think I needed to claim it since we have to give their money back, but I got a form from them in the mail, after I already submitted for my tax return. I understand the first 2300 is non taxable, so will I be able to just add this income to next year? or will i have to file again?

Answer: For the year 2009 only, if no one person received received more than $2400, then none of it needs to be claimed. They send the form anyway in case you received unemployment from more than one state. (If you received less than $2300 for each state, but more than $2400 total, then you would be required to report some of it.)

Hypothetically, if there had been income that you were required to report, you would need to "amend" (change) what you already filed. You cannot add the money to next year. The money can be claimed only for the correct year. You cannot file again. You can file only once for any one year. Instead, you amend (change) what you filed using Form 1040X.

Fitch Rates NJEDA's School Facilities Construction Bonds and Notes 'AA-'; Outlook Stable

Fitch rates the following New Jersey Economic Development Authority's school facilities construction bonds and notes 'AA-':

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