Poll of the Day > Just learned to still have to file Taxes if you got Unemployment/Pandemic...

(+) Yeah! (+)

Benefits...Wtf

When do you not pay taxes on income?

Duh

papercup posted...

When do you not pay taxes on income?

So you gotta pay Taxes on Food Stamps too?

But they also took out some Taxes while giving it to me as well, so...

for unemployment, yes. you very specifically do.

you have to file a 1099G

Ya, in America you have to file the correct paperwork in order to be unemployed or homeless

pionear posted...

So you gotta pay Taxes on Food Stamps too?

But they also took out some Taxes while giving it to me as well, so...

Just looked it up, no you don't but Unemployment yes...

helIy posted...

for unemployment, yes. you very specifically do.

you have to file a 1099G

Just got the email for it yesterday, hence the Topic

you have to file taxes?
https://gamefaqs.gamespot.com/a/user_image/8/2/5/AAceWkAACYi5.jpg

Probably not that much though because you still get the set 12.55k deduction.

Not sure when the PUA Unded (sept 1st?) but it was at least 4 months before the end of the year which means only 8 months max of UE to pay taxes on. If you didn't work the other months and had no other source of income you would need to have gotten over 2k a month in UE to really have to pay anything and even then it would only be a bit.

But, if you were one of those people getting like 4k a month on UE for 8 months...just look at it like this, your just being "taxed" 10% of that (over 12.5k). and still basically come out WAY ahead this year from the government.

4k*8months is 32k you got. - 12k = 20k you get taxed only 10% on, so you give back 2k of that and are still 30k richer over all.

I wish I got that.

Yup, unemployment is taxable income. Disability isn't at least.

Thats why that check box to have state and federal withholding from your unemployment payments automatically be deducted shouldve been

https://m.youtube.com/watch?v=wXJhw1S6rIc

of course, you could always start a church - then not only are you tax exempt but you don't even have to report your income

Does being a Buddhist Monk count? asking for a friend in Canada...

BlackScythe0 posted...

Duh

This, pretty much. Income is income.

pionear posted...

So you gotta pay Taxes on Food Stamps too?

But they also took out some Taxes while giving it to me as well, so...

afaik, food stamps aren't classified as income. They're a benefit.

DeathMagnetic80 posted...

Disability isn't at least.

That I find surprising.

Lokarin posted...

of course, you could always start a church - then not only are you tax exempt but you don't even have to report your income

Not really how it works. People who get paid by the church are still supposed to report income. Basically, you're describing doing things illegally, which is always an option.

Zeus posted...

afaik, food stamps aren't classified as income. They're a benefit.

So are Unemployment...don't you notice the 'Benefits' part at the end?

pionear posted...

So are Unemployment...don't you notice the 'Benefits' part at the end?

Despite the name, they're very different programs -- and that difference is one gives you cash, the other gives you credit (which some recipients will illegally cash out, at a fraction of the value). If the money associated with a benefit never touches your hands, it's not taxable.

income is income