Don’t Forget Umemployment Insurance Benefits are Taxable
January 21, 2012 by Jesse Driscoll
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Tax time is here and many are getting together all those important documents. Sometimes people mistakenly think that unemployment benefits do not have to be included on their taxes as taxable income. This is incorrect. Unemployment benefits are taxable and need to be reported to the IRS along with any other income earned within the year.
Learn more insurance tax tips at Your Insurance Guide to Federal Tax Preparation and Returns
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