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Daily Archives: July 24, 2020

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unemployment benefits taxes

Do You Have to Pay Taxes on Unemployment?

tax preparationBy MI Tax CPAJuly 24, 2020

You pay taxes on windfalls like lottery wins and game show earnings, but not on stimulus checks sent out by governors and presidents. So what about when it comes to unemployment? It can be hard to keep track of everything that American citizens are required to pay taxes on and everything we aren’t. Between federal…

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