topic What if box 4 on my 1099-g is not for Federal tax withholding? in Retirement tax questions

What if box 4 on my 1099-g is not for Federal tax withholding?

lif3r8c3r — Sat, 13 Mar 2021 21:06:14 GMT

box 4 is incorrectly labled

Re: What if box 4 on my 1099-g is not for Federal tax withholding?

MaryM428 — Sat, 13 Mar 2021 22:34:00 GMT

There are times when employers or states have created IRS forms and not used the correct boxes. If that is the case with your form, use Box 4 on TurboTax to report your federal withholding. TurboTax follows the IRS format and will put the amount of federal tax withheld in the correct plan on your income taxes.

You should be able to view the correct information about your unemployment from your state unemployment website.

The new American Rescue Plan will exclude federal income taxes on the first $10,200 of unemployment income for taxpayers whose 2020 adjusted gross income was less than $150,000.

Re: What if box 4 on my 1099-g is not for Federal tax withholding?

lif3r8c3r — Wed, 17 Mar 2021 18:57:26 GMT

Thank you Mary,

I entered the information based on the field label rather than the number of the field since it was, as you alluded to, an outdated format that the state was using.