Do you know anyone who has claimed unemployment this year?  As of April 2020, over 23 million Americans filed for unemployment, and one out of four Americans received unemployment this year.  We need your help to reach these individuals and make sure they know that unemployment is taxable income.  We do not want them to be caught off guard when filing their tax return next year! 

It is our goal that, more people, will know that:

·         unemployment income is taxable

·         they can contact their state unemployment office to have taxes withheld from ongoing unemployment payments

·         if they did not have taxes withheld from unemployment payments, there are ways to pay on those taxes before the year ends       

·         they can use the withholding calculator https://apps.irs.gov/app/tax-withholding-estimator, and determine what they may owe

Tweets:  Unemployment is Taxable

#IRS reminds you that unemployment compensation is taxable. Make sure you plan ahead to avoid a tax-time surprise. https://go.usa.gov/xfzmM  

Are you receiving unemployment benefits? #IRS reminds you that having tax withheld or paying quarterly estimated taxes can help you avoid a tax-time surprise: https://go.usa.gov/xfzmM

Your unemployment compensation must be reported on your 2020 #IRS federal income tax return. Take steps now to avoid a tax-time surprise: https://go.usa.gov/xfzmM  

Keep in mind that having tax withheld from your unemployment benefits now will help you avoid owing taxes when you file your #IRS tax return next year. https://go.usa.gov/xfzmM

#IRS reminds taxpayers receiving unemployment compensation that they can have tax withheld now or make quarterly estimated tax payments to avoid owing when they file a tax return. https://go.usa.gov/xfzmM

By law, unemployment compensation is taxable and must be reported on you 2020 #IRS federal income tax return. Plan ahead to avoid a tax-time surprise: https://go.usa.gov/xfzmM  

If you’re receiving unemployment for the first time, remember that having tax withheld from your benefits now can help you avoid owing taxes when you file next year. https://go.usa.gov/xfzmM #IRS

#IRS reminds people receiving unemployment compensation that they can have tax withheld from their benefits now to avoid owing when they file a tax return. https://go.usa.gov/xfzmM

Taxable benefits include any of the special unemployment compensation authorized under the COVID-19 relief. #IRS urges you to plan ahead to avoid a tax-time surprise: https://go.usa.gov/xfzmM

People who receive unemployment can choose to have tax withheld or make quarterly estimated tax payments to avoid a tax-time surprise: https://go.usa.gov/xfzmM #IRS