Taxation of Unemployment Benefits
Description:
Unemployment compensation (UC) benefits have been fully subject to the federal income tax since the passage of the Tax Reform Act of 1986 (P.L. 99-514). Individuals who receive UC benefits during a year may elect to have the federal (and in some cases state) income tax withheld from their benefits. This report provides an overview of the taxation of UC benefits and legislation related to taxing UC benefits.
Date:
January 17, 2012
Creator:
Whittaker, Julie M.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department