A: I am sorry to say but,
unemployment benefits are considered taxable income. You will need to include this 1099 when you file your tax returns.
Saturday, March 10, 2012
UNEMPLOYMENT BENEFITS
Q: I was laid off
last year and fortunately I received unemployment benefits. That really helps as I look for work. I received a 1099 form in the mail. Do I really have to pay tax on this?