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Can you hold your unemployment for a year without filing it
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January 21, 2021
4:50 AM
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Get your taxes done using TurboTax
No, you can't hold the amount of unemployment money (benefits) that you received and hold it (not report it on your income tax return) for a year. You have to file an income tax return and report the amount received in that year to avoid non-filing penalties and interest.
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January 21, 2021
5:12 AM
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Get your taxes done using TurboTax
The IRS gets a copy of your 2020 1099-G, so will know if you do not claim it.
January 21, 2021
7:38 AM