Gustavo A Viera, CPA's Blog: First $2,400 of Unemployment Benefits Tax Free for 2009

http://www.vieracpa.com

First $2,400 of Unemployment Benefits Tax Free for 2009

American Recovery and Reinvestment Act makes the $2,400 of unemployment insurance exempt from tax,” said IRS Commissioner Doug Shulman. “I urge all unemployed workers to take this special tax break into account as they plan their tax withholding and quarterly estimated tax payments for the year. This change offers a helping hand to millions of Americans who are out of work and struggling to make ends meet.” http://www.vieracpa.com