Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Are amounts received by the State's EDD for family support payments taxable? Yes - They are taxable as unemployment. Yes - They are taxable as
Are amounts received by the State's EDD for family support payments taxable?
Yes - They are taxable as unemployment. | |
Yes - They are taxable as wages for the wages that they replace. | |
No - They are a form of public support like child support and go nowhere on the return. | |
Yes and No - Amounts received are typically reported and taxed as unemployment at the federal level but are subtracted from the state return on the Schedule CA. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started