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Get your taxes done using TurboTax
Maybe. Some states let you have tax withheld from your unemployment compensation. Have you checked into that? The state's unemployment website might give you a way to have tax withheld. if it does not, then paying some estimated tax might be a good idea, so that you do not get hit with a big tax bill next year. Unemployment compensation is taxable income. If you cannot have it withheld from the state's checks then you can pay estimated federal tax on the IRS site:
https://www.irs.gov/payments/direct-pay
Keep good records for yourself if you do that so that you can enter the amount you paid onto next year's tax return.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎August 6, 2020
12:09 PM