Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Taxation of Unemployment Benefits (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (8 pages)
add to cart or subscribe for unlimited access
Release Date Revised Nov. 16, 2015
Report Number RS21356
Report Type Report
Authors Julie M. Whittaker, Domestic Social Policy Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised March 6, 2014 (8 pages, $24.95) add
  • Premium   Revised Feb. 7, 2013 (8 pages, $24.95) add
  • Premium   Revised Sept. 13, 2012 (8 pages, $24.95) add
  • Premium   Revised Jan. 17, 2012 (8 pages, $24.95) add
  • Premium   Revised Oct. 14, 2008 (4 pages, $24.95) add
  • Premium   Jan. 14, 2005 (6 pages, $24.95) add
Summary:

Unemployment compensation (UC) benefits have been fully subject to the federalincome tax since the passage of the Tax Reform Act of 1986 (P.L. 99-514). Individualswho receive UC benefits during a year may elect to have the federal (and in some casesstate) income tax withheld from their benefits.Legislation was introduced in the 108th Congress that would have repealed thetaxation of UC benefits, provided a two-year suspension of the taxation of UC benefits,or transferred the proceeds from taxing UC benefits to the Unemployment Trust Fund.In the 109th Congress, legislation was introduced that would have repealed thetaxation of UC benefits. To date, no legislation related to the taxation of UC benefitshas been introduced in the 110th Congress.This report provides an overview of the taxation of UC benefits and legislationrelated to taxing UC benefits.