alan kalman

Unemployment Compensation Is Taxable

Posted on 03/7/2013 by |Online Executive Producer | Comments

WorkThe following is a guest post by Alan Kalman. If you or your spouse collected unemployment benefits in 2012, be sure you count that money as gross income when you file your tax return. It may come as a surprise to some workers, but unemployment compensation from your state is taxable. In fact, there’s a specific line on the 1040, 1040A and 1040EZ forms for you to add the amount to gross income. Find tax forms online. In January of …

Tax Deductions and Your Job Search

Posted on 01/24/2013 by |Online Executive Producer | Comments

WorkThe following is a guest post by Alan Kalman.  Previously, I discussed the tax consequences of losing your job. But did you know that there are certain tax deductions you can take while looking for your next job (even if you don’t get hired)? These include: Employment and outplacement agency fees. Amounts spent for preparing and mailing resumes. Mileage and parking expenses for interviews Going back to college to take some courses to improve your skills. (In this case, you may …

Job Loss and Your Taxes

Posted on 01/8/2013 by |Online Executive Producer | Comments

WorkThe following is a guest post by Alan Kalman. Job loss can affect your tax situation in many ways. Here are some things to keep in mind as you are preparing to file your taxes. Your employer may provide you with severance pay or accrued vacation pay or accrued sick pay. These payments are all taxable compensation. A large severance check could easily bump you into a larger tax bracket. If you qualify for and receive unemployment compensation benefits, these …

9 Year-End Tax Moves to Consider

Posted on 11/30/2012 by |Online Executive Producer | Comments

Money & SavingsThe following is a guest post by Alan Kalman. December is an ideal time to review your finances and make sure you are taking advantage of tax benefits and other possible credits or deductions. See also: Sandy Victims Get Tax Relief Consider these things when pulling 2012 paperwork together. Did you move or change jobs this year? Double-check that your your employer (or former employer), banking institutions, investment companies and retirement plan administrators have your current address so you’ll receive your W-2s …

Get a Tax Extension? What You Need to Know for Oct. 15

Posted on 09/25/2012 by |Online Executive Producer | Comments

Money & SavingsThe following is a guest post by Alan Kalman.  Fall is in the air and with it comes NFL football, the baseball playoffs, Halloween — and filing tax returns. More than a million of you who did not file your 2011 tax returns in April asked for the automatic six-month extension to Oct. 15. So get out all those forms (W-2s and 1099s) you received, and all your tax receipts and records and get started since time is running out. …