Tri-County United Way
Unemployment is TaxableSample Posts for Social Media#IRS reminds you that unemployment compensation is taxable. Make sure you plan ahead to avoid a tax-time surprise. ?Are you receiving unemployment benefits? #IRS reminds you that having tax withheld or paying quarterly estimated taxes can help you avoid a tax-time surprise: Your unemployment compensation must be reported on your 2020 #IRS federal income tax return. Take steps now to avoid a tax-time surprise: ?Keep in mind that having tax withheld from your unemployment benefits now will help you avoid owing taxes when you file your #IRS tax return next year. #IRS reminds taxpayers receiving unemployment compensation that they can have tax withheld now or make quarterly estimated tax payments to avoid owing when they file a tax return. #IRS reminder: Unemployment compensation is taxable. Plan ahead and have tax withheld now to avoid a tax-time surprise. ?By law, unemployment compensation is taxable and must be reported on you 2020 #IRS federal income tax return. Plan ahead to avoid a tax-time surprise: ?If you’re receiving unemployment for the first time, remember that having tax withheld from your benefits now can help you avoid owing taxes when you file next year. #IRS#IRS reminds people receiving unemployment compensation that they can have tax withheld from their benefits now to avoid owing when they file a tax return. Taxable benefits include any of the special unemployment compensation authorized under the COVID-19 relief. #IRS urges you to plan ahead to avoid a tax-time surprise: People who receive unemployment can choose to have tax withheld or make quarterly estimated tax payments to avoid a tax-time surprise: #IRS ................
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