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June 3, 2020
Question

Tax on Unemployment payments

  • June 3, 2020
  • 1 reply
  • 0 views

I understand that unemployment stimulus payments are

taxable. Where can I get the forms to have the government start withholding on my payments. 

    1 reply

    June 3, 2020

    You can ask to have taxes withheld from your payments when you apply for benefits, or you can file IRS Form W-4V, Voluntary Withholding with your state unemployment office. You can only request that 10% of each payment be withheld from your unemployment benefits for federal income taxes.