trish douglas
Jan 4, 2010, 07:10 AM
I draw unemployment with no taxes taken out have dependents can I file taxes?
trish douglas
Jan 4, 2010, 07:13 AM
[QUOTE=trish douglas;2157986]I draw unemployment with no taxes taken out have dependents can I file taxes for the unearned income?
AtlantaTaxExpert
Jan 4, 2010, 03:26 PM
Yes, you can!
Unemployment compensation is considered to be taxable income and, if high enough, can require that you file a tax return.
However, it is NOT considered to be earned income, so you will NOT be eligible for the Earned Income Credit.