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Spokane Valley Washington Form 1099 Int: What You Should Know
Employer | State of Washington | Unemployment | Taxes (In Spokane County). Wage, Income, and Social Security taxes may be withheld from your paycheck or remitted to the Social Security Administration. You do not have to tell your employer that you are receiving unemployment benefits. Washington State Unemployment Insurance (UI), also called workers' compensation, is paid by Washington state, regardless of the unemployment you may have been receiving. It is one of the benefits eligible to receive tax credits for low-to-moderate income individuals. Income and Social Security taxes can reduce your federal adjusted gross income (AGI), which is the amount of your Gross Income less certain deductions. If you are claiming benefits for a spouse or qualifying dependent, the amount that can reduce your income for the year cannot exceed a certain amount. If you are unemployed, Washington State Unemployment Insurance (UI) must be paid before claiming any other state benefits, state of Washington Unemployment Insurance must cover you for any periods you were unemployed. To determine whether you are eligible for unemployment insurance payments or for other state benefits, see the State of Washington UI Eligibility Requirements. For more information on Washington State UI, visit the State of Washington Unemployment Benefits page. You must report wages on your tax return. If you receive unemployment or workers' compensation benefits, you must pay federal and state income tax on those benefits. If you are a federal employee, you may be able to deduct your unemployment insurance premiums as a medical expense. For more information, see your State of Washington unemployment/ workers' compensation insurance payments. If you are a federal employee or are covered by an income-producing retirement plan, including a Federal Employees Retirement System (FEES) or Federal Public Service Retirement Plan (FEES/PSP), you may be able to deduct your state unemployment insurance premiums and federal income tax liability as a medical expense. If you have other income, make sure that it is not in excess of your unemployment insurance payments. See Publication 926, Federal Taxes with Respect to State Unemployment Taxes, later. Receives Federal Unemployment Tax If you are not enrolled in a U.S. state or local government program that provides unemployment or workers' compensation benefits to workers and families, you are entitled to receive Federal Unemployment Tax benefits. Most of the benefits are paid through the United States Social Security Administration (U.S. SSA).
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