ChicagoJohn
Senior Member
- Joined
- Oct 19, 2008
- Messages
- 310
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Gents,
I was laid off for 7 months this year and collected unemployment benefits during that time. I elected not to pay taxes on thsoe benefits during that period. I would pay them once I was employed.
When I started my new job, I took an extra $100 Federal and $100 State deduction, per month, to cover the cost of my UI tax once tax time comes.
Currently there is about $600 Federal and $600 State in that pool. I will owe tax on 7 months of Unemployment Benefits (max $700/week). Do you know anyway I can calculate how much I owe?
I was laid off for 7 months this year and collected unemployment benefits during that time. I elected not to pay taxes on thsoe benefits during that period. I would pay them once I was employed.
When I started my new job, I took an extra $100 Federal and $100 State deduction, per month, to cover the cost of my UI tax once tax time comes.
Currently there is about $600 Federal and $600 State in that pool. I will owe tax on 7 months of Unemployment Benefits (max $700/week). Do you know anyway I can calculate how much I owe?