Some recipients of unemployment benefits can be hit with a big tax bill.

You may be surprised to discover that unemployment benefits are taxable. These payouts are subject to federal income taxes and, depending on where you live, state income taxes. But don’t despair; you ...

If you lose your job, you may be eligible to collect unemployment benefits. Each state manages its own unemployment insurance program and pays its own benefits—those benefits are taxable for federal ...

The IRS generally treats unemployment compensation as taxable income. If you don't plan for this, or don’t withhold money from your weekly payments, you may owe money when you file your tax return.

Job seeker James Baxter, left, listens to Carmen Joyner during a job fair in Dallas on Wednesday, Jan. 14, 2026. According to the Missouri Department of Labor, the number of people in Missouri filing ...

SALEM, Ore. (KTVZ) -- The Oregon Employment Department said Thursday it identified errors with some 1099-G tax forms it issued in January regarding Unemployment Insurance benefits paid in 2024. As a ...

Forbes contributors publish independent expert analyses and insights. Natalie Madeira Cofield covers small business, entrepreneurship, and economic policy. 1099 workers lose income during federal ...