Tax Issues With Job Loss

Despite the fact that there have recently been encouraging economic signs, the national unemployment rate continues to inch higher. At the end of April, the unemployment rate was 8.9%. By the end of May, it stood at 9.4% and in a June interview with Bloomberg News, President Barack Obama predicted that the country will soon see a 10% unemployment rate. As shocking as it is to lose a job, it's even worse when you suddenly realize that there are also tax consequeneces to deal with.  Be aware