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To clarify, were there tax forms sent to you in 2021 reporting this income? If so, what was the form sent?
To clarify, were there tax forms sent to you in 2021 reporting this income? If so, what was the form sent?
Okay they sent me a letter stating the pandemic relief that I received for 2019-2020 was 16,000 there was 400 and something dollars taken out of the federal government side I wasn't getting nothing back from the state okay but somebody tried to file for me and they told me you're not getting nothing back and I was told that I was so I'm just trying to figure out does he know what he's talking about or is that the truth I'm not getting nothing I thought I was eligible for the 400 and something dollars back thank you very much
By the way the form that I was supposed to fill out with a 1099 g
What type of Pandemic Relief? If it was Unemployment or other taxable income and you received $16,000 and they only withheld $400, if you are single with no kids, you would probably not get much if anything back.
For a single filer, your standard deduction is $12,550. If you received $16,000, with no other income, this would leave you with $3,450 in taxable income after subtracting your standard deduction. That would put you in the 10% tax bracket. Ten Percent of $3,450 would be $345. So, if your total income was only $16,000 and you had $400 withheld, then you would get a refund of $55 (400-345).
If you received $16,550, then you would end up getting nothing back because your taxable income would be $4,000 ($16,550-$12,550), you would still be in the 10% bracket so your tax liability would be $400 ($4,000 x 10%).
As for the 1099-G, yes, you should have received one from the state that paid you so you could enter it into TurboTax to fill out your return.
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