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I was on furlough for many months, how will that effect my 2020 taxes?
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Since you had less income you should owe less tax.
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Since you had less income you should owe less tax. If you had to take a premature IRA withdrawal the penalty would be waived.
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Were you receiving unemployment benefits?
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 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 BENEFI
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If you had no income or low income you might not need to file a return except to get back any withholding taken out.
Do you need to file a return?