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Get your taxes done using TurboTax
I live in Tennessee where we do not have state tax. I am doing my taxes online with TurboTax. I received unemployment in 2020 in the amount of $6,480.00 (so well under the $10,200 limit for no taxes to be taken out). When I removed my 1099-G from TurboTax, my refund showed as $1,080.00, but when I added the 1099-G back in, the refund shows as $737.00 (so a deduction of $343). Why the change if the unemployment benefits are not taxable? I also know I do not change tax brackets with or without the unemployment so that shouldn't have any affect (and I am no where near the $150,000 limit).
March 22, 2021
10:45 AM