Quantcast

Ask The Expert: Eligibility

Q:
Asked by Jennifer 1/1/13

Do unemployment payments count as earned income?

Matthew Malone A:
Answered by Matthew Malone 1/4/13
See other answers from this expert.
247 out of 247 people found this useful.

No, the IRS does not considered unemployment “earned income.” It should not be used to determine your eligible IRA contribution.

WAS THIS ANSWER USEFUL?

Leave a Reply