Still on jury duty – will this ever end?Is your unemployment taxable? Yes it is for federal. If it is your only income, consider having federal withholding taken out. Is your social security taxable? For federal taxes, it may be, depending on income. If you get a lot of it and have other income, you may want to have federal withholding taken out. Is disability taxable? No, so one thing you don’t have to worry about.
Brian’s Tax Musings
Hi everyone. I prpbably haven’t been as accessible to people for the last week of so. I have been on jury duty and it will carry over into next week. It is a civil case and is in downtown Los Angeles.Remember, the amount you are paid per day for jury duty is taxable miscellaneous income on your tax return but any mileage you are reimbursed isn’t taxable. Hopefully next week I can talk a little about the case (Meaning it will be over!)
Brian’s Tax Musings
When the new tax changes for 2011 and 2012 were signed into law on December 17, one of the items extended was the way to get rid of the so called “marriage tax penalty” which would have expired at the end of 2010. Prior to the Bush Tax Cuts, married people frequently paid more in taxes than their single counterparts. This was fixed by equalizing the standard deduction between married couples and singles and also equalizing the top of the 15% tax bracket. So now the marriage tax penalty is gone until 2013, and we will see what happens then.