topic 2020 Tax Year Form 1099-G: Line 4 (Total Federal income tax withheld) in Get your taxes done using TurboTax

2020 Tax Year Form 1099-G: Line 4 (Total Federal income tax withheld)

stevek — Fri, 26 Mar 2021 16:36:17 GMT

Has the latest update to TurboTax (I use TT Home and Business download version) accounted for crediting back taxes withheld (Line 4) from unemployment income received - since taxes are not owed on unemployment for tax years 2020 and 2021 up to 10,200 of unemployment income received.

Steve

Re: 2020 Tax Year Form 1099-G: Line 4 (Total Federal income tax withheld)

Cass0317 — Fri, 26 Mar 2021 19:48:05 GMT

If you haven't filed your return yet, go ahead and do so. TurboTax is up-to-date with the latest federal changes. Check your state's updates here.

For more information, please see the TurboTax Article below:

How do I claim the new unemployment benefits in TurboTax?

Re: 2020 Tax Year Form 1099-G: Line 4 (Total Federal income tax withheld)

stevek — Fri, 26 Mar 2021 19:53:55 GMT

Thanks, but that does not really directly answer my question. I use TurboTax Home and Business (Windows download edition). My 1099-G for unemployment benefits received, line 4, has $320 withheld for Federal taxes. Do the latest updates in my edition of TurboTax account for that withholding (credit back of the $320 withheld since there is no tax)?

Steve

Re: 2020 Tax Year Form 1099-G: Line 4 (Total Federal income tax withheld)

CarissaM — Sat, 27 Mar 2021 17:55:17 GMT

Yes the latest update is taking that into account for the Federal return. The state return has not been updated yet.