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The Water Cooler
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Received unemployment and already filed your 2020 tax return?
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<blockquote data-quote="Hawgman" data-source="post: 3540915" data-attributes="member: 7676"><p>My wife qualified for the boosted unemployment last year and told them yes, take out taxes. After she had already received about 4 or 5 checks I saw that they take out only 10 percent. Pointed out that ain't even enough. So we had to play catch up and sock away what we could as to avoid the "who knows what this will cost us" tax time bill. So hey, if they wind up not taxing it we'll be more like the ant than the grasshopper. Likely do something exciting with it like pay on the mortgage or car loan.</p></blockquote><p></p>
[QUOTE="Hawgman, post: 3540915, member: 7676"] My wife qualified for the boosted unemployment last year and told them yes, take out taxes. After she had already received about 4 or 5 checks I saw that they take out only 10 percent. Pointed out that ain't even enough. So we had to play catch up and sock away what we could as to avoid the "who knows what this will cost us" tax time bill. So hey, if they wind up not taxing it we'll be more like the ant than the grasshopper. Likely do something exciting with it like pay on the mortgage or car loan. [/QUOTE]
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Received unemployment and already filed your 2020 tax return?
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