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Unemployment
benefits paid under the Railroad Unemployment Insurance
Act (RUIA) are considered income for Federal income tax
purposes. Each year, the Railroad Retirement Board
(RRB) sends railroad employees Form 1099-G showing the total
amount of unemployment benefits paid during the preceding
calendar year. You must report that amount on your Federal
income tax return.
You may file Form W-4v with the
nearest RRB office if you want the RRB to withhold Federal
income tax from your benefits. To end withholding you must
file another Form W-4v with the RRB. Form W-4v is
available upon request from the Internal Revenue Service.
The RUIA specifically exempts railroad unemployment benefits
from State income taxes.
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