Is unemployment taxable income?
– YES! • Is disability taxable income? – This one is a little bit tricky. If you are receiving disibility due to an injury or are medically disabled by order of a doctor your disibility income SHOULD not be taxable. I say should because if you receive disability when your pregnant as a result of family leave then it is taxable. To make sure always wait for your 1099-g from the state to determine the exact taxable amount of your disability. • I bought a new car or truck last year can this help me on my taxes? – Yes, if you purchased a new car or truck last year the sales tax paid upon purchasing the vehicle can be deducted along with the licensing fee on your Sch A form if you file long form. • I only earned $6,000 do I have to file my income tax? – NO, unless it was investment income or self-employed income. Each year the standard deduction and exemption credit changes and if you do not earn up to the sum of both of them you do not have to file your income taxes. However if you had fed
