DawnC
Expert Alumni

Retirement tax questions

Unemployment you enter goes to Schedule 1, Line 7.   Then on Line 8 (of Schedule 1, not your 1099-G) you should see a subtraction of your unemployment (up to $10,200).   What are you being asked?   And is it referencing an amount of $2,020 or the tax year 2020?

 

If you had less than $10,200 of unemployment, none of it is taxable and Line 8 will offset Line 7, leaving no taxable UE income on Form 1040.    See example below.  

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"