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New Member
posted Jan 6, 2021 8:33:48 AM

I didnt work none of 2020 so I don't have a w2 for 2020 the irs is saying that if I don't receive my 600.00 stimulus check by jan 15 I have to do a credit on my 2020 tax return which would be impossib

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4 Replies
Level 15
Jan 6, 2021 8:36:32 AM

Did you receive any unemployment compensation in 2020?   Unemployment is taxable income to enter on a tax return.

 

Many people will receive checks in the mail by next week for the 2nd stimulus---so before you assume you are not getting it, wait for the mail.

New Member
Jan 9, 2021 8:21:36 PM

I didnt let them take taxes out of my unemployment i needed all my money due to the pandemic 

Level 15
Jan 9, 2021 8:26:36 PM

So you can file a return with the unemployment income.  You will get a 1099G for Unemployment.  It is taxable.  If it was more than $12,300 you might owe tax on it.  Are you married?  Then you can get the Stimulus payment on your return.

Level 15
Jan 9, 2021 8:27:30 PM

@rsmithdc1975 You have to enter the unemployment on your 2020 tax return.  It is taxable income.  

 

Unemployment compensation is taxable on your federal return.  Enter your 1099G for unemployment in Federal>Wages and Income>Unemployment

Go through the screens very carefully to enter any federal/state tax you had withheld from the unemployment

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-report-a-1099-g-for-unemployment-or-paid-family-leave/00/26530

You might need to get your 1099G from the state’s unemployment site when it becomes available in January.  You will need to use the same password etc that you use to certify for weekly benefits

 

STATES THAT TAX UNEMPLOYMENT BENEFITS

 

AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, NB, NM, NY,NC, ND, OH, OK, OR, RI, SC, UT, VT, WV, WI

 

Unemployment compensation is taxable on your federal return.  Enter your 1099G for unemployment in Federal>Wages and Income>Unemployment.  You might need to get your 1099G from the state’s unemployment site.

 

STATES THAT DO NOT  TAX UNEMPLOYMENT BENEFITS on the state return

AK, CA, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY