The Tax Consequences of Unemployment Posted By : Richard A. Chapo
Losing your job is a nightmare. Unfortunately, this has happened to millions of Americans the last few years as weve gone through the Great Recession. With a reported unemployment rate of nearly 10 percent and a real unemployment rate of over 17 percent, it has been a tough time for just about everyone. Many are relying on help from the government, but there are tax consequences to that help.