JulieS
Expert Alumni

Retirement tax questions

Adding a 1099-G for unemployment is adding taxable income to your return. If you didn't have any tax withheld from your unemployment benefit, it can change your return quite a bit.

 

For tax year 2020 only, the first $10,200 of unemployment was not taxable. This was done because so many people lost their jobs, or couldn't work for a while,  because of Covid-19. 

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