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Mmccu57
New Member

I think something went wrong

I filed my taxes about two days ago I had 19,000 dollars in income and 27,000 of unemployment I had a lil over 8,000 coming back with two dependants but once I added my 1099 from unemployment it took it all the way down to 700 when doing research it said that the tax on unemployment is 10% can someone explain why they took so much of my return.

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1 Best answer

Accepted Solutions
AlanT222
Expert Alumni

I think something went wrong

The tax on unemployment is not a flat tax.  It is based on your individual tax rate.  If you did not have any amount withheld from your unemployment, you will have to pay the amount that should have been withheld.  

 

Further, based on your added income, your Earned Income Tax Credit went from $5,920 to about $300.

 

Unemployment compensation is not considered as earned income, however, it is included in your Adjusted Gross Income to determine the amount of Earned Income Tax Credit you can receive.

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8 Replies
AlanT222
Expert Alumni

I think something went wrong

The tax on unemployment is not a flat tax.  It is based on your individual tax rate.  If you did not have any amount withheld from your unemployment, you will have to pay the amount that should have been withheld.  

 

Further, based on your added income, your Earned Income Tax Credit went from $5,920 to about $300.

 

Unemployment compensation is not considered as earned income, however, it is included in your Adjusted Gross Income to determine the amount of Earned Income Tax Credit you can receive.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
2westpatricia
Returning Member

I think something went wrong

I think something went wrong

2westpatricia
Returning Member

I think something went wrong

So if i didnt have them taken out taxes thats y my taxes been cut

2westpatricia
Returning Member

I think something went wrong

Wat went wrong on my taxes

I think something went wrong

That is correct.  And the 10% is usually what is withheld on unemployment comp. However, as indicated above, your actual tax rate may be higher.

2westpatricia
Returning Member

I think something went wrong

But i was gettingback 5940 now im getying 1840y so much 

2westpatricia
Returning Member

I think something went wrong

Now im getting less they took almost all of it

TiffanyL
Intuit Alumni

I think something went wrong

Can you tell us the specific area where you are having issues with?

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