Unemployed About to Owe Taxes on Benefits, Need to Start Looking for Work

Industry News,

People unemployed because of the coronavirus pandemic may just be realizing, or just remembering, that they owe income taxes on their unemployment checks, the head of North Carolina's unemployment office said Wednesday…..When people sign up for unemployment, they can check a box to have the state withhold income taxes for them or another box to decline. Those who declined may find they owe money to the IRS when they file their income taxes.  Gibson said the pandemic has gone on so long that some people have probably forgotten….Read more.