0
Yes for the 2009 tax year the first 2400 of unemployment compensation that you received in the year 2009 was free of the federal income tax when you completed your 1040 federal income tax return correctly on page 1 Line 19 unemployment compensation in excess of 2400 per recipient.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Will all unemployment benefits in 2009 soon be tax free?
Are all unemployment benefits in 2009 to be tax free not just the often mentioned $2400 deduction? A new bill has been launched that calls for all unemployment in 2009 to be 100% tax free. The new reform bill is called the Jobless STUB Tax Free Act. Many should wait before filing to see if it passes because maybe most of their income is from unemployment compensation and if they did not withhold from their checks they could have a IRS liability. Check with the site Unemployment Gone Mad for legislative updates. This bill could change everthing.
How much Federal unemployment tax do you wit hold?
None. Federal Unemployment tax (940) is an employer-paid tax.
Does unemployment have to be filed?
Unemployment compensation is income tax reportable.
What is SUTA?
SUTA is an acronym for "State unemployment Tax Authority" and is used to describe unemployment tax which is a payroll tax. Employer in every state is required to pay tax for their employees
Is the first 2400 of unemployment taxable in 2010?
I just did my taxes on Turbo Tax Online Free Edition today. I was surprised to find out that the first $2400 of Unemployment is now taxable. I guess the exemption for the first $2400 was a one year only thing in 2009. It is really unfortunate. Lessening the tax on unemployment would be a great way to stimulate the economy.Yes. The break was only for 2009 federal tax exemption on the first $2400 of unemployment insurance benefits.
Are churches or religious organizations automatically exempt from paying taxes?
(USA)Refer to the following Related Link and go to page 18 & 19 for a full discussion on churches, ministers, etc.You need to call your State Unemployment office as each state is different concerning SUTA Tax.It depends on the jurisdiction.
Which tax is paid by business only?
unemployment
Is overpaid unemployment considered a tax?
yes
Does social security tax unemployment?
yes
Do churchs in Georgia pay unemployment tax?
no
Do you get taxes back on unemployment?
No, it is optional, You can avoid a big lump-sum tax bill on April 15 by paying quarterly estimated taxes on your unemployment income. A new legislative bill called the "JOBLESS STUB 2009 TAX FREE ACT" (STUB meaning Stop Taxing Unemployment Benefits)is being launched. The web site at Unemployment Gone Mad serves a community of activists and supporters and the bill plan proposal makes all Unemployment Benefits received in 2009 tax free, not just the current IRS $2400 deduction. If the bill passes it will change everthing so stay tuned in for updates
Can overpayment unemployment debt be taken in tax refund?
Yes. Unreturned unemployment benefits overpayments may be deducted from your federal income tax refund.
