The delivery of the IRS statement raises several questions for those who are unemployed. Although there are no direct references in the IRS code to taxpayers in this situation, there are rules that determine the obligation to submit the declaration depending on the income obtained throughout the year.
Does the unemployment allowance enter the IRS?
Unemployment allowance is a support paid by social security and is exempt from IRS. As such, this amount is not considered taxable income and does not need to be declared.
However, if in the same year you have received other income, the situation may change.
When is IRS delivery mandatory to unemployed?
The obligation to submit the IRS declaration depends on the income obtained in the previous fiscal year. Here are four possible scenarios:
1. He only received unemployment subsidy
If, throughout the previous year, it has not obtained other income other than unemployment allowance, it is dismissed to submit the IRS statement.
2. He was out of job or restarted to work
If, in the previous fiscal year, it has alternated between an unemployment and employment situation, you must submit the IRS statement if you have received income exceeding 8,500 euros (wages or pensions) or food pensions above 4,104 euros.
If you have retention at the source, you may be entitled to reimbursement.
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3. He worked sporadically as an independent worker
Those who performed punctual work and issued green receipts during the unemployment period must submit an IRS statement.
Values must be indicated in Annex B (Simplified Regime) or Annex C (Organized Accounting).
In these cases, only the income of green receipts are taxed.
4. Couples in which one of the spouses is unemployed
Couples can opt for joint taxation, adding the income of the two elements and dividing them by two.
This option may result in a lower IRS fee and increase reimbursement or reduce the tax payable.
Conclusion
Although the unemployment allowance is not taxed, the unemployed may have to submit the IRS statement if he has obtained other income.
In doubt, it is advisable to consult the Finance Portal or an accountant.
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