Have you already filed your 2020 return? If not, good news....the software will do all of those calculations for you. All you need to do is enter your 1099G for unemployment exactly as it appears and the software will calculate how much--if any--of your unemployment is taxable for you.
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...
In March 2021 Congress passed a law waiving federal tax on the first $10,200 of unemployment received in 2020. Many states (but not all) also passed similar laws for state tax on unemployment. TurboTax software is up to date with all of those tax law changes.
**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.**
