Are Unemployment Benefits Taxable?

Unemployment insurance benefits are subject to federal and state income taxes. Any unemployment insurance benefits you receive are fully taxable provided you are required to file a tax return. You will be mailed a statement of benefits paid to you after the year has ended. The Internal Revenue Service will be given this same information. When you file your claim, you will be given the option to have federal income tax withheld from your weekly unemployment insurance benefits in the amount of 10%.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

Additional Employment Law for Employees Articles

Search LawInfo's Employment Law for Employees Resources

Lead Counsel Rated Law Firm

Click Here to Learn More