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Money experts say preparing taxes sooner than later could prevent an unwanted surprise if you claimed unemployment


47abc
January 21, 2021
MARYLAND – Tax season is quickly approaching. That’s why local accountants say those who filed for unemployment benefits for the first time amid COVID-19 should start preparing if they haven’t already. “When you take the benefits they let you know that it is taxable. They give you the option to withhold the tax. But unfortunately they also give you the option to not withhold your tax. In some ways I almost wish that they did withhold the tax so people aren’t caught off guard like they may be by the end of the year,” said Senior Accountant at TRS CPA Group Matthew Bossle. ....

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