I received $20,000 in unemployment. I understand unemployment compensation is taxable income. However, I am able to exclude up to $10,200. The difference that will be taxed after the exclusion is $9,800. Do I still have a filing requirement?
Yes you still need to prepare and file your tax return. The software will calculate how much--if any--of your unemployment is taxable. And some states do still tax unemployment.
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.