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Wondering about Your Taxes? Unemployed?

By
Managing Real Estate Broker with Flexit Realty "Flexible Home Selling Solutions"

Seems odd to be worried about your taxes, when worrying about your house payment, and making ends meet are a concern every waking minute.

The truth is, you may be able to deduct $2400.00 from you unemployment benefits that have been paid to you.  Remember to consult a tax professional. 

Keep track of the efforts you have made to find a job too.  You might find you can deduct those job search costs as well.  Keep your receipts and document your efforts.  Your tax professional will be able to give you the proper requirements to qualify for these little know deductions.Flexit Realty helping sellers sell faster www.flexitRealty.com

Michigan still rates number 1 as the national leading state of unemployed and under employed.

The last thing you want to do is worry about your tax return.  Not all that long from now it will be tax time, April 15th.  Because you didn't have a job doesn't mean you shouldn't or don't have to file a tax return.

Here are some hints to stretch your dollar.

You may be short on cash to get your taxes done...some firms offer free tax preparations for those that are unemployed.  You may also find help at local churches...yes churches.  Some have had church members get certified to prepare taxes for free.

Check locally...online or as your tax professional for a tax preparation program in your area.

Thanks for stopping by my blog.

Gary L White Flexit Realty Grand Rapids Michigan www.FlexitRealty.comStop again for more timely tips on real estate and useful timely hints to saving money.

John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Taxes i haven't even taken the time myself to look over mine.  I keep procrastinating.  I will have to get to them soon.

Mar 13, 2010 07:01 AM
Robert Foster
United Country-Michigan Outdoor Properties - Northern Office - Wolverine, MI

Most tax software programs automatically take into account the $2400 unemployment benefit, reduces the taxable income.    There is also free sites on the web that allow to efile for free.

Mar 14, 2010 06:20 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi John...you probably have a bailout check coming...everyone else is getting one! :-)  April 15th is around the corner.  My accountant is burning the midnight oil these days.  Thanks for the comments John.

Mar 14, 2010 11:02 AM
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Robert, I don't look for these programs or options since my personal taxes are so complex.  This is great information for those that don't know the tax preparation options.  Thanks for the comments Robert.  I am listing a 36 acre hunting parcel next week in Northern Michigan by Clare.

Mar 14, 2010 11:04 AM