Was told by Unemployment during Covid that we were overpaid on benefits. We started paying back in 2021. They stated that we would receive a 1099G once the overpayment was paid in full, which is was in 2024. When getting the form from UC, I see that they in fact made 1099G for 2022, 2023 and 2024. How and where do I enter these. Total repayment is over $6500. I am not where or how to get the taxes that we paid already seeing as there are now 3 1099G's that I need to submit and not 1 with the total. Do I have to amend previous years? Help please!
There is no tax deduction or credit for repayment of previously reported income unless you repaid more than $3,000 in one year. If you repaid $6,500 over the course of 4 years, you probably did not repay more than $3,000 in any one year. In that case you do not get any tax adjustment, so there is nothing for you to do.
If you did repay more than $3,000 in a single year, you would claim the deduction or credit on your tax return for that year. If you already filed a tax return for the year that you repaid more than $3,000 you would have to file an amended return for that year to claim the deduction or credit.
In any case, you do not actually enter the 1099-G forms in your tax return.
So even though I paid taxes both federally and state wise, I can't get anything back unless it's over $3000 in repayment in a year?