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Posts Tagged ‘unemployement’

Tax Breaks When You’re Out of Work

March 15, 2016  |   Tax Advice,Tax Tips   |   Tags: , , , , ,  

There are advantages and disadvantages to taxes when you’re unemployed. You do not earn an income on which you must pay taxes, but your unemployment compensation is very much taxable. If you receive income from other sources such as rent, dividends, interest, etc. then you’ll need to figure out if your total income is above your filing threshold. On the bright side, there are ...