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Tackle your taxes: Tax breaks and credits for self-employed and gig workers
Read full article: Tackle your taxes: Tax breaks and credits for self-employed and gig workersFortunately, there are some COVID tax breaks and credits for people who fall into those categories. The form is for folks who earned money but didn’t pay taxes on those earnings. AARP volunteer tax preparer Bart Hatfield says those workers should have put aside some money to pay those taxes. AdYou will owe taxes on your unemployment benefitsLook out for your 1099 if you collected unemployment. You will owe taxes.
Texas Workforce Commission pays $20 million in benefits to self-employed Texans, freelancers
Read full article: Texas Workforce Commission pays $20 million in benefits to self-employed Texans, freelancers(TEXAS TRIBUNE) – The Texas Workforce Commission paid out over $20 million in benefits Thursday to those who are eligible for Pandemic Unemployment Assistance. The federal program allows people who are self-employed, freelancers or seeking part-time employment to be eligible for benefits. This week, the commission converted 145,000 unemployment claims to the PUA program, comprising about 40% of the more than 365,000 new claims this week, commission spokesman Cisco Gamez said at a media briefing Friday. Workers eligible for PUA must submit their 2019 tax forms to the commission by Dec. 26. Once the tax forms are received, the Texas Workforce Commission verifies past wages, and workers might become eligible for more weekly benefits, which can be backdated, Gamez said.