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  • Writer's pictureAaron Mullis

Unemployment Compensation is Taxable

On Tuesday, the IRS issued a reminder that unemployment compensation is taxable. Did you elect to have taxes withheld from your unemployment compensation? If not, you should fill out and submit Form W-4V, Voluntary Withholding Request, as soon as possible. If you are unemployed, you don't want to get in a large tax bill next year to add to your problems.



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