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Withholding percent for taxes from unemployment

 
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amother




OP
 

Post  Wed, Apr 22 2020, 9:30 pm
when filling out the unemployment forms, it asks if you want them to withhold ten percent for federal taxes and also if they should withhold 2.5% for state taxes.

what do you choose?
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amother




Periwinkle
 

Post  Thu, Apr 23 2020, 12:32 am
You will have to pay taxes on unemployment. The question is if you want more $ now and have to pay the taxes at the end of 2020 or if you are willing to take a less money now and know you are covered in the taxes owed from unemployment.
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