Surprise, unemployment benefits are 100% taxable (including the additional $600 weekly benefit under the CARES Act)! Okay, you’re not surprised, because Shaun and Seth sprung that on you last week in Episode #5 of Behind the Curtain: Avoid Surprises with Unemployment Income. Unemployment benefits are taxable and as a default, most states, including Massachusetts and [...]
Over 40 million Americans have filed for unemployment during the pandemic. If that includes you, what should you be aware of to avoid any surprises? Seth and I discuss this in episode #5 of Behind the Curtain.