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Tax Tips & News: Unemployment Income

Do Unemployment Benefits Affect Your Tax Return?

3 minutes read

If you recently lost your job, filing for unemployment benefits is one of the first things you will need to do. Receiving unemployment benefits can help you to get by financially as you search for new employment. However, there are tax consequences related to unemployment benefits. You need to know what you will pay in taxes for the unemployment benefits you receive to make sure you can afford to pay your taxes.

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Critical Tax Benefits You Should Know About

3 minutes read

The following are a list of critical tax benefits all tax payers should be aware of.  Pay particular attention to the first one, as this will negatively affect taxpayers by reducing the amount they receive from the Child Tax Credit.

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