I'm In The Process Of Completing My 2013 Tax Return But I Have A Quick Question I Need Answered Before I Complete My Return. I Received Approximately About $7,066 In Unemployment Wages Last Year But I Also Earned Approximately $9,850 In Household Employee Wages Last Year As Well. So What Strategy Should I Take As Far As Completing Return For This Year? Thank You In Advance.

The federal unemployment insurance program is administered by the US Dept of Labor. State-level programs are administered by various state agencies. While laws and rules governing unemployment benefits can vary from state to state, all states require recipients to report income earned while receiving unemployment benefits; as you can see, money that you earned as a unemployment benefit recipient needs to be reported when claiming the benefits. The amount of the earned income is deducted from the maximum benefit amount for that week, with any balance of remaining benefits paid to you. Some states allow unemployment benefit recipients to receive money from various sources without affecting their Weekly Base Amount. For example, Minnesota law allows recipients to accept income from rental property income, investments and supplemental Social Security income without benefit deductions. however, aslongas you have earned income, you still can get earned income credit when filing you taxes. Much like those who are employed, you as a recipient, could opt to have 10% of your income withheld by completing Form W-4V. Once you know about how much you’ll have to owe, you can implement a savings plan to ensure you have enough money to cover the tax bill if you don’t believe you are covered, especially if you have been out of work and receiving benefits for an extended period of time.