Monday, November 30, 2009

Tax Tip

I will be in continuing education classes Monday and Tuesday. Between class and working late to keep up on regular work, I will post late over the next few days.

Today, I'll whet your appetite with a small tax tip for today's economic environment. The first $2,400 of unemployment insurance compensation is tax-free for 2009. Wisconsin is not following federal on this and is a Schedule I adjustment. Use the worksheet to determine the amount of your unemployment that is taxable. For other states, check your state taxing authority.

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