Does unemployment compensation count as part of your Annual Gross Income? (This is related to my other question about writing off getting braces on my taxes)


Yes, unemployment compensation is considered income and taxed as such. In fact, you have the option of withholding federal taxes form unemployment compensation.

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  • This reminds me that I need to figure out the impact of not withholding on my taxes for 2010. Oy. – George Marian Dec 29 '10 at 21:09

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