The Tax Questions Blog

Posts Tagged ‘rebate’

Question: Is lost wage benefit payment from an auto insurance taxable income?

Auto insurance settlements are not taxable, what about a lost wage benefit settlement? Would that be taxable?

Answer: Yes, the part of the payment that's for lost wages is taxable.

Paying quarterly estimated taxes

If you must file estimated taxes throughout the year, your first voucher of 2010 is due Jan. 15.

Question: Does unemployment really count as taxable incom?

I don't know whether to claim my unemployment or not. According to irs.gov unemployment is not earned income, so if you only get credit for earned income why would you want to claim it? I have recieved my 1099-G, according to answers on a similar question it is taxable but absolutely zero taxes were withheld from my unemployment so I don't think I'm going to claim it. It only harms my refund if I do. So why should I?

Answer: Yes, legally, unemployment does count as taxable income. You were getting paid weren't you? Why wouldn't the government tax it?

Fitch Downgrs Riverside Public Financing Auth's 2007 Series A&B TABS to 'BBB'; Outlook Stable

SAN FRANCISCO----Fitch Ratings takes the following rating action on Riverside Public Financing Authority as part of its continuous surveillance effort:

A Truthful Campaign Ad: John Cherry for Michigan Governor 2010

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