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 The Tax Implications of Unemployment. ✏️

The Tax Implications of Unemployment. ✏️

✅ Right now, there are 32.9 million Americans are filing for unemployed.

✅ That’s more than we’ve ever seen in American history.

✅ For many of us, it’s the first time we’ve filed, including small business owners and those in the service industry.

✅ We always focus on receiving our unemployment benefits, but we rarely think of the tax implications.

✅ But there are a LOT of different factors that go into your tax liability when you’re receiving benefits: employee or self-employed? Working part time or not at all? Is your spouse working? And even what little boxes you check on your unemployment forms.

✅ Yes, you have to claim your unemployment benefits when you file your taxes!

✅ Watch this video to find out more!

✅ Contact me any time at Matthewsfinancial@gmail.com if you have questions or need help!