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June 3, 2019
Question

Is unemployment taxed when income is less than 10K for a retired person

  • June 3, 2019
  • 1 reply
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My parents are retired and live off of Social Security only.  They received unemployment in 2018, less than 10K.  Is it taxable?

1 reply

Employee
June 3, 2019

Unfortunately, yes, unemployment is taxable for the federal return.

As for their state tax return, it depends on where they live.