1. Unemployment is taxable. We do not know how much tax you have had withheld, so we cannot say whether you will get a refund or owe additional tax. You have not told us how much other taxable income you have been receiving or if tax was withheld from the income.
Unemployment compensation is taxable on your federal return.
You will have to enter a 1099G that is issued by your state.
Some states will mail out the 1099G. Or you might need to go to your state’s unemployment website and use the password, etc. that you have been using to certify for weekly benefits to get your 1099G from the state’s site.
Enter your 1099G in Federal>Wages & Income>Unemployment
Go through the screens very carefully, making sure 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-unemploymen...
2. It is puzzling that the employer has not been consistent in withholding Social Security and Medicare. Ask them about this and have the employer tell you why there have been severance checks without FICA withholding.
3. You have not told us if you are over 59 1/2 or whether the 401k is a retirement account you had with the most recent employer who laid you off. You may or may not be subject to a 10% early withdrawal penalty. And.....if you do take out money from the 401k it will be taxable on your federal return, and perhaps on your state return---depending on which of those states you live in when you take the money out. NJ taxes retirement income; PA does not tax retirement income.
**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.**
