The Job Hunt: Taxman still wants his cut if you're unemployed

Updated

It's unfortunate, but even the unemployed have to pay taxes.

With 2.6 million jobs lost last year, a lot more unemployed people have tax problems to deal with when filing their taxes this year and face questions they probably haven't had to deal with before, as CNNMoney.com reports.

You'd think that not having a job and trying to get by on unemployment insurance would keep your earnings low enough to not have to pay taxes, but you may have to, depending on your income, no matter how limited it was in 2008.

Anyone who got a W-2 form from their employer and made at least $8,950 if single and under 65 years old, or made at least $400 if self-employed, must file a tax return, as must anyone expecting a tax refund.


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