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From: smh@mhuxl.UUCP (henning)
Newsgroups: net.taxes
Subject: Re: Income taxes
Message-ID: <427@mhuxl.UUCP>
Date: Sun, 5-Jan-86 16:41:18 EST
Article-I.D.: mhuxl.427
Posted: Sun Jan  5 16:41:18 1986
Date-Received: Mon, 6-Jan-86 03:39:56 EST
References: <1721@cbosgd.UUCP> <639@ihlpm.UUCP>
Organization: AT&T Bell Laboratories, Murray Hill
Lines: 10

> I would to know if the unemployment compensation I received
> is taxable and must be reported on the federal income tax

The tax treatment of unemployment benefits depends on the amount of
your adjusted gross income.  Your benefits are taxable if the total
of your adjusted gross income and your benefits is
1) greater than $12,000 and your are single or
2) greater than $18,000 and you are married and file a joint return.
Workmen's Compensation, employer paid supplemental benefits are not subject
to taxation,  nor are union financed benefits.