Hal_Al
Level 15

Get your taxes done using TurboTax

You do not need to report the Unemployment compensation from the form from the unemployment agency (form 1099-G), as long as you entered the correct amount in the correct place.  

 

Unemployment compensation is reported on line 7 of Schedule 1 and is also included in the  amount on line 8 of form 1040  (for most people line 8 of form 1040 is your unemployment comp).  You do not need to amend if that is where it is. 

 

The is no  $1020 tax rebate.  What there is is a (up to) $10,200 deduction before income tax is calculated.  If you filed before the deduction  law was passed, the IRS will automatically recalculate your taxes and send you a refund. 

 

 

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