Current Events > great. because of all the unemployment extra 600 and 300, i owe $1500 in taxes

(+) Yeah! (+)

for normal unemployment, you could opt to send part of that to the government for taxes, like any other job.

but, they never did that for the extra 600 and now extra 300.

im a bit irked, but we can at least pay it. id rather have not have to deal with it but it what it is

i do wonder how people who are worse off than me who dont know this will bode. not good i assume.

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My wife got it for 6 weeks and she usually owes a little. So we will probably break even after my refund.

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Thanks Biden.

They're gonna send a stimmy to cover everyone's lack of tax prep

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Oh dang for real? I wonder if that withholding thing varies by state. I should know that I feel

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You think that's bad, just wait until student loan forgiveness becomes $10k of "taxable income" somehow.

Balrog0 posted...

I wonder if that withholding thing varies by state.

I dunno, maybe?
"Deduct income taxes, please" should have been a checkbox when you first applied for UI benefits, if not automatic.

Unsugarized_Foo posted...

They're gonna send a stimmy to cover everyone's lack of tax prep

And tax you for it.

They actually gave you the full $600? They took out 10% and gave me $540 every time.

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Unsugarized_Foo posted...

They're gonna send a stimmy to cover everyone's lack of tax prep

Nothing like a stimulus for being a dumbass

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Didn't the same thing happen during the famous Oprah you get a car episode? I thought I remembered reading that the way the gift with structured from a legal perspective meant everyone in the audience had to pay back taxes on the value of the car and it completely screwed over a bunch of people.

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WingsOfGood posted...

And tax you for it.

lol dont worry, the stimulus isn't taxed

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Why did you lie about being a teacher

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RebelElite791 posted...

Why did you lie about being a teacher

im actually a clown

oh wait thats you

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TheBlueMonk_ posted...

im actually a clown

oh wait thats you

I mean you claim to be one, but teachers were still getting paid when schools were closed

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if you collected unemployement all year and did not notice taxes were not taken out, and didn't think you'd be taxed on it, well that's kind of your fault.

also, the stimmies are not taxed.

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krazychao5 posted...

if you collected unemployement all year and did not notice taxes were not taken out, and didn't think you'd be taxed on it, well that's kind of your fault.

i dont know about other states, but in california, like i said in the opening post, even if you opted in to pay taxes, they didn't do it for the extra 300/600 you received. only your base UI amount.

i feel like thats going to be the biggest issue for them.

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krazychao5 posted...

if you collected unemployement all year and did not notice taxes were not taken out, and didn't think you'd be taxed on it, well that's kind of your fault.

also, the stimmies are not taxed.

Bums gonna Bum

god damn leeches get a job pull yourself up by your boot straps

deupd_u posted...

They actually gave you the full $600? They took out 10% and gave me $540 every time.

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TheBlueMonk_ posted...

i dont know about other states, but in california, like i said in the opening post, even if you opted in to pay taxes, they didn't do it for the extra 300/600 you received. only your base UI amount.

i feel like thats going to be the biggest issue for them.

should've paid attention, i guess. not certain how they were issued compared to regular unemployment, but i've also never received unemployment so i cannot speak for how it should appear. but i imagine the $600 and $300 addtional payments were paid separately? also gotta imagine they sent out pay stubs for each payment detailing the totals.

if you need help with taxes, though, lemme know!

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the idea of taxing unemployment 'income' is so bizarre.

it's basically just taking tax dollars from the states and moving it to the feds.

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krazychao5 posted...

but i imagine the $600 and $300 addtional payments were paid separately?

looking at the statements, kinda?

like my fiancee got 450 a week. after opting in for taxes, it was 410.
the statement would look like this

Weekly UI amount: 450.
payments:
405
405
300
300
total payment: 1410

something like that

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Giant_Aspirin posted...

the idea of taxing unemployment 'income' is so bizarre.

it's basically just taking tax dollars from the states and moving it to the feds.

do you also think it is bizarre for you to receive income if debt is forgiven?

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Giant_Aspirin posted...

the idea of taxing unemployment 'income' is so bizarre.

it's basically just taking tax dollars from the states and moving it to the feds.

The number one thing government wants is their cut.

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