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Hello I applied for unemployment benefits October of 2020. Claim was on hold until June of this year. Must I amend taxes for unclaimed income for 2020?
Not sure if I will qualify for any more credits. But tech it is 3 months of income I was paid for 2020 but i didn't receive it til June 2021.
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Hello I applied for unemployment benefits October of 2020. Claim was on hold until June of this year. Must I amend taxes for unclaimed income for 2020?
You did not RECEIVE the money in 2020. It does not go on a 2020 tax return. You will enter it on your 2021 tax return, since that is when the money was received.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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Hello I applied for unemployment benefits October of 2020. Claim was on hold until June of this year. Must I amend taxes for unclaimed income for 2020?
UC benefits are taxable in the year received.
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Hello I applied for unemployment benefits October of 2020. Claim was on hold until June of this year. Must I amend taxes for unclaimed income for 2020?
So since I the money was recieved in 2021 it is supposed to go on this year's return? Even though it was back dated pay from October of last year?
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Hello I applied for unemployment benefits October of 2020. Claim was on hold until June of this year. Must I amend taxes for unclaimed income for 2020?
You did not RECEIVE the money in 2020. It does not go on a 2020 tax return. You will enter it on your 2021 tax return, since that is when the money was received.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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