If I collect unemployment for the whole year and have 10% taken out do you receive a refund when you file your taxes?

Unemployment benefits are considered taxable income. There are many other items that must be taken into consideration in order to determine if you will receive the 10% back as a tax refund. Some items that will impact this are: other income such as interest income, capital gains, number of dependents, itemized deductions, etc.Every person who received unemployment benefits in 2009 can exclude $2,400 of these benefits when filing their federal tax return.

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