Tax question - please help

[Ayesha Hansen]

Hi

Tax question - please help

Re : California residents
******************************
I heard that the first $2,400 of Unemployment comp is tax free per
person- federal and CA state ?
Does it mean a couple will get $4,800 ?

Please confirm.

Your help would be very valued.

Thanks,

Ayesha Hansen

[Ayesha Hansen]

I was referring to 2008 taxes

[Arthur Kamlet]

In article <032a948d-f5d3-4f2d...@d9g2000prh.googlegroups.com>,

I can answer only the Federal tax part: For taxpayers who file a
12/31/09 year end federal 1040, they reduce their unemployment
compensation by 2400, but not below zero, and any amount above
that is taxable as ordinary income.

If this is a married filing jointly return and each taxpayer has
unemployment, each reduces their unemployment income by 2400, but do
not reduce below zero.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

[D. Stussy]

"Arthur Kamlet" <kam...@panix.com> wrote in message
news:h98i1i$a63$1...@reader1.panix.com...

> In article
<032a948d-f5d3-4f2d...@d9g2000prh.googlegroups.com>,
> Ayesha Hansen <ayesha...@gmail.com> wrote:
> >I was referring to 2008 taxes
> >On Sep 21, 11:01 am, Ayesha Hansen <ayeshahan...@gmail.com> wrote:
> >> Re : California residents
> >> ******************************
> >> I heard that the first $2,400 of Unemployment comp is tax free per
> >> person- federal and CA state ?
> >> Does it mean a couple will get $4,800 ?
>

> I can answer only the Federal tax part: For taxpayers who file a
> 12/31/09 year end federal 1040, they reduce their unemployment
> compensation by 2400, but not below zero, and any amount above
> that is taxable as ordinary income.
>
> If this is a married filing jointly return and each taxpayer has
> unemployment, each reduces their unemployment income by 2400, but do
> not reduce below zero.

California does not tax unemployment income.