Monthly Archives: May 2012

Unemployment and Taxes

Unemployment is an uncertain and stressful thing in any one’s life.  However, it can be all the more complicated
by the many questions surrounding your tax obligations after losing your job.  This article will discuss a few of the common questions surrounding your tax obligations following unemployment.

If you were recently laid off by your place of employment, you may be curious as to whether or not the severance package they gave you is taxable or not.  Unfortunately, the answer to that question is yes, it most certainly is.  The money you received as a result of your termination is … Read the rest