Serenity Tax & Bookkeeping Services 218-464-1510 - Duluth Minnesota
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Unemployment Benefits

4/24/2020

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We have gotten confirmation that the extra $600 that many are getting in unemployment, is NOT having tax withheld nor can they fix this glitch.
I am sure you have already seen the full amount being deposited but just keep in mind that if you want MN to withhold tax, they cannot. Our advice is to set aside the amount that would normally be done on your other UI check (if possible). This is generally 10% for Federal ($60) and 5% for State ($30).
Please keep in mind that Unemployment Benefits are taxable so if you do not have any money withheld, you will be paying in those taxes at tax time...ie: if you normally get a refund, it will be reduced or potentially turned into owing money.
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215 N Central Ave Ste 9
Duluth, MN 55807
Spirit Valley Shopping Center

Serenity Tax & Bookkeeping Services LLC

We at Serenity strive to be a cost savings support for all of our Bookkeeping, Payroll and Tax Clients. At Serenity we have created an environment for our clients that gives them comfort and confidence.
Our no nonsense approach to giving them the best accounting, tax knowledge and service keeps them coming back and referring new clients. ​218-464-1510 

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