Hi -
Got laid off in March (3 months of work in FY24, fully employed in FY23 and before years). AT the present still looking for jobs. Usually filing single and claiming no exemptions so i get a refund every year after filing the fed and state (CA) taxes.
Q1. This year what tax breaks are available for unemployment - anything to reduce my taxable income??
Q2. What if I am unemployed for a longer period i.e. 3-6 months or greater than 6 months, how would those vary?
Q3. If i get another job soon, then this year there will be 2 W-2 forms to file right?
Thanks,
Arun.
