Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-26-2009, 07:43 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
How much of the unemployment compensation is excluded from taxation in 2009?

There is some good news from the IRS regarding taxability of unemployment compensation in that "for any tax year beginning in 2009, each recipient of unemployment compensation can exclude from gross income up to $2,400 of the amount he or she received during the year!

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much of the unemployment benefits is non-taxable in 2009? TaxGuru Miscellaneous 0 09-07-2009 02:59 PM
First $2,400 of Unemployment Benefits Tax Free for 2009 Samatg Tax News 0 03-27-2009 12:38 AM
Unemployment Compensation mellie_3d Income 1 02-15-2009 03:46 PM
Are there any items that be excluded from being considered as gifts? chrisk Trusts and Gift Tax Returns 1 09-09-2008 08:56 AM
If the Ownership/Use Test are not met, can the gain on sale of home be excluded? Redden Capital Gains 0 03-24-2008 06:25 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning