Page 131 - Other Income for Individuals

Additional Unemployment Benefits (3/5)

Tax Withholding

 You can choose to have federal income
tax withheld from your unemployment
compensation.
 To make this choice, complete Form W-
4V, Voluntary Withholding Request,

and give it to the paying office. Supplemental unemployment
 Tax will be withheld at 10% of your benefits
payment. If you don’t choose to have
tax withheld from your unemployment  Benefits received from an employer-
compensation, you may be liable for financed fund (to which the employees
estimated tax. didn’t contribute) aren’t unemployment
 If you don’t pay enough tax, either compensation.
through withholding or estimated tax,  They are taxable as wages. For more
or a combination of both, you may information, see Supplemental

have to pay a penalty. Unemployment Benefits in section 5 of
 For more information on estimated tax, Pub. 15-A, Employer's Supplemental Tax
see chapter 4. Guide.
 Report these payments on line 1 of Form
1040 or 1040-SR.

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