- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
If you received unemployment compensation in 2020 then you should have gotten a 1099G from the state, and you should have entered it on your 2020 tax return. Some states mail them out but in many cases you have to go to the state's unemployment web site and use the same user ID and password, etc. that you used to certify for your weekly benefits so that you can get the 1099G.
The tax law that changed for 2020 waived federal tax on the first $10,200 of unemployment you received in 2020, but you are still required to enter it on your tax return.If you had tax withheld from your unemployment then you might be able to get a refund for tax that was withheld. No matter what---it was supposed to be entered on your 2020 return.
If you filed a 2020 return and did not include it, you need to amend your 2020 return and enter your 1099G. That income was reported to the IRS so eventually you are going to get a letter from the IRS for not reporting all of your 2020 income.
Select your tax year for amending instructions:
You will have to enter a 1099G that is issued by your state.
Some states will mail out the 1099G. Or you might need to go to your state’s unemployment website and use the password, etc. that you have been using to certify for weekly benefits to get your 1099G from the state’s site.
Enter your 1099G in Federal>Wages & Income>Unemployment
Go through the screens very carefully, making sure to enter any federal/state tax you had withheld from the unemployment.