DianeW777
Expert Alumni

Get your taxes done using TurboTax

No. It's quite likely you will not receive a form showing your repayments since the form is required when you receive income from unemployment, not when you repay it. If your household income was less than $150,000, the first $10,200 of unemployment was tax-free, but any amount you receive above that would have been taxed.

 

The IRS did the adjustment for removing any unemployment income that was on the tax return up to $10,200, if you filed before the change was made during last tax season.

 

Repayments: What you did is not correct.

No, you will not report any repayments because the amount is below $3,001.  And, since your unemployment was not taxed up to the amount shown, there would be no reduction to income allowed.  Prior to the Tax Cuts and Jobs Act (TCJA) there was a deduction for amounts repaid that were $3000 or less, on itemized deductions, at this time there is no deduction allowed.  If the repayment had been greater than $3,000 then there would have been an adjustment to income or a credit against tax.

 

State Tax: If your state taxes unemployment (some do not), then you will need to check your state rules.

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