Unemployment Taxes: Do You Owe Taxes on Unemployment Income?

Taxes

Unemployment Taxes: Do You Owe Taxes on Unemployment Income?

Unemployment Taxes: Do You Owe Taxes on Unemployment Income?

Unemployment taxes are the taxes you pay on unemployment income. Find out more about these taxes below and whether you might have to pay them. Do You Pay Taxes on Unemployment Income? Yes, you have to pay federal taxes on unemployment benefits. This makes sense if you think about it. Unemployment payments are a type of income. They... Read More

Claiming an Elderly Parent as a Dependent and Other Caregiver Tax Benefits

Taxes

Claiming an Elderly Parent as a Dependent and Other Caregiver Tax Benefits

Claiming an Elderly Parent as a Dependent and Other Caregiver Tax Benefits

Millions of Americans provide part or full-time care for loved ones—and don’t get paid for this work. In fact, more than 1 in 6 adults in the country who work at a paid job say they also help with the care of an elderly or disabled loved one. On top of other work and family obligations, it... Read More