Money Rehab with Nicole Lapin8 Apr 2021

Listener Question: “Do you have to pay taxes on unemployment?”

Nicole gives a listener advice on what to do about taxes if you filed for unemployment last year, and debunks Dave Ramsey’s statements that people collecting the stimulus check are "screwed." Nicole says: You are not screwed. From This Episode: Report your unemployment benefits on your Federal Tax Return, which will say “Form 1040”. You’ll need Form 1099-G, which you should have received from your state. You can see how much you received in unemployment benefits in Box 1. You’ll need to report this amount on your tax return on line 7, Schedule 1. You also have to report any taxes that were withheld from your unemployment benefits… to find that number, look at that trusty Form 1099-G again… the amount of taxes that were withheld from your unemployment benefits is in box 4. You report that amount on line 25b of your tax return. If you have an income of $72,000 or less, you can file for free using the IRS Free File program. If you’re a veteran, check out MilTax for free filing options. Find out more about VITA here. VITA is an organization that offers free tax coaching to folks in low-mid income brackets, as well as persons with disabilities, the elderly and individuals with limited English proficiency who need assistance in preparing their taxes. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(1139)

Where Crypto Goes From Here Without The Clarity Act, According to Coinbase's Brian Armstrong

Brian Armstrong is the CEO and co-founder of Coinbase, the largest crypto exchange in the U.S. and the first crypto company to crack the S&P 500. He joins Nicole on the exact day Congress failed to pa...

18 Sep 53min

Maye Musk Couldn't Pay Rent at 50. Now She's a Full-Time Model at 77.

Maye Musk is a model, dietician, and author. But before any of that success, she was 50 years old, newly single, and unable to make rent. Today, Maye joins Nicole to talk about her new memoir, Timeles...

15 Sep 41min

How to Invest Alongside the Most Successful Hedge Funds

You don't need a Bloomberg terminal, a private jet, or a research team to invest alongside the world's most famous hedge fund managers… you just need to know where to look. Today, Nicole breaks down f...

9 Sep 8min

Digital Dementia, Biohacking, and Why Your Brain Is Your Biggest Wealth Asset | Jim Kwik

Jim Kwik has coached Fortune 500 companies, Oprah, Will Smith, and Richard Branson on how to think faster and remember more. Today, he joins Nicole to explain why your brain, not your bank account, is...

7 Sep 48min

I Put My Toddler on Payroll. Here's Why.

A listener named Lauren DMed Nicole with a simple question: what is she doing to make sure her daughter has more money than she did growing up? Today, Nicole answers in full, walking through the exact...

2 Sep 15min

The Best (and Worst) Businesses to Buy in 2026

You know Codie Sanchez as the woman who made buying a laundromat sound cooler than launching a startup. Today, she's back to talk about her new book, Own or Be Owned, and why so many founders are secr...

31 Aug 56min

Building a Guilt Free Budget (Listener Intervention)

Kate has good money habits. She's saving, she's investing, she's automated her high-yield savings account. So why does she still feel like she's behind? Today, Nicole sits down with a Money Rehab list...

26 Aug 48min

The Rapper Who Made $400K Reading the Market

He's the guy behind "Betty (Get Money)" and a fur coat two-step that took over TikTok, but before Yung Gravy was flexing platinum plaques, he was studying finance and marketing in college. Today on Mo...

24 Aug 54min