Hello,
Is unemployment taxed?
Typically, unemployment income is taxable and should be included with any other taxable income you have in the year.
Some states also count unemployment benefits as taxable income. When it’s time to file your taxes, you will need Form 1099-G which will show the amount of unemployment income you received.
It will also show any federal taxes you had taken out of your unemployment pay. The 1099-G is only available online in many states, so you may need to log into your unemployment account to get the form.
We do not know as yet if there will be a change in the tax laws regarding 2021 unemployment taxes. So, stay tuned!!
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