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Retirement tax questions
There are times when employers or states have created IRS forms and not used the correct boxes. If that is the case with your form, use Box 4 on TurboTax to report your federal withholding. TurboTax follows the IRS format and will put the amount of federal tax withheld in the correct plan on your income taxes.
You should be able to view the correct information about your unemployment from your state unemployment website.
The new American Rescue Plan will exclude federal income taxes on the first $10,200 of unemployment income for taxpayers whose 2020 adjusted gross income was less than $150,000.
March 13, 2021
2:34 PM