Two common reasons to receive a form 1099G are for state tax refunds or unemployment benefits.
If you received the 1099G to report unemployment benefits received, you will need to amend your return to include that income. However you need to wait for your original return to process. Likely, the IRS will catch missing income that has been reported by other sources (1099G) and will send you a letter outlining the discrepancy with instructions on how to respond. If not, you can amend your return once your refund has been deposited for your original return.
Since unemployment benefits are not earned income they will not qualify you for the Earned Income Tax Credit (EITC). However, if due to receiving unemployment you are able to use the lookback to tax year 2019 to raise your EITC then that option will be available as part of the amendment.
If the 1099G is for a state tax refund, then likely you will not need to do anything. If you used the standard deduction for the year of the tax refund, it will not be taxable; no need to amend. If you itemized for the year of the refund, you may need to amend to include more taxable income. If the amendment doesn't change your tax or refund then you don't need to file it.
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