You collected unemployment, now what?

By |2020-07-23T19:44:12+00:00July 16th, 2020|Categories: Single Point of View, Tax Planning|Tags: , , |

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 [...]