You have to pay federal income taxes on unemployment benefits, but these payments are not subject to Social Security and Medicare taxes. Some states exclude unemployment benefits from income.
It hasn't been an easy time to be unemployed, with federal enhanced unemployment ... or all of those taxes back via direct deposit or the mail. The American Rescue Plan Act of 2021 was passed ...
The start of 2025 brings important federal payroll tax and withholding changes that every employer needs to understand. From ...