Are my unemployment benefits i received my state income also? What should i know about filing my taxes after the pandemic since I was unemployed the entire time?

Forum|Forum|5 years ago
March 17, 2021
2 replies
30 views

Anyone else get a 1099G from NYS?

TurboTax Free Edition Online

xmasbaby0

Level 15

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859#U1393859

You are among millions who have now been affected by a mid-tax season change in the tax law. Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

If you have not e-filed yet—-wait. And if you already e-filed and want to amend for this—WAIT.

https://ttlc.intuit.com/community/tax-topics/help/how-do-i-get-the-new-unemployment-benefits-if-i-ve-already-filed-my-taxes/00/2081053

Please read this very recent news from the IRS:

https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021

UNEMPLOYMENT COMPENSATION

Unemployment compensation is taxable on your federal return.

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.

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-report-a-1099-g-for-unemployment-or-paid-family-leave/00/26530

STATES THAT TAX UNEMPLOYMENT BENEFITS

AZ, AR, CO, CT,, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, NB, NM, NY,NC, ND, OH, OK, OR, RI, SC, UT, VT, WV, WI

STATES THAT DO NOT TAX UNEMPLOYMENT BENEFITS on the state return

AK, CA, DE, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY

https://ttlc.intuit.com/community/personal-income-taxes/help/how-does-receiving-unemployment-affect-my-taxes/00/1756152

https://ttlc.intuit.com/community/form-1099-g/help/what-if-the-boxes-on-my-1099-g-don-t-match-the-boxes-in-turbotax/00/1954176

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**