Friday, April 9, 2010

10 Tax Tips for the Unemployed

There are still about 15 million people out of work. "Worries and misconceptions about taxes among the unemployed may be one reason the IRS statistics show returns are coming in slower this year." Some people without jobs may think that they don't have to file, but on the contrary if these people are receiving any type of income they must report it. That being said... "The silver lining is that a drop in income can make it possible to claim credits and deductions that were unavailable before, and could lead to a bigger refund than you expect."

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