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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1 Best answer
xmasbaby0
Level 15
Jul 11, 2021 11:18:19 AM
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.
3 Replies
Mike9241
Level 15
Jul 9, 2021 10:12:34 PM
UC benefits are taxable in the year received.
Kenuvain
Level 2
Jul 11, 2021 9:31:01 AM
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?
xmasbaby0
Level 15
Jul 11, 2021 11:18:19 AM
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.