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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.