turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Before I was laid off, I was supporting myself. I got on unemployment and was unemployed for majority of the year. Is unemployment benefits consider "earned income"?

 
1 Best answer

Accepted Solutions
AlanT222
Expert Alumni

Before I was laid off, I was supporting myself. I got on unemployment and was unemployed for majority of the year. Is unemployment benefits consider "earned income"?

No, unemployment income is not considered "earned income" for the purpose of receiving the earned income tax credit.  However, unemployment income is included in your adjusted gross income, which could have an effect on your ability to receive the earned income tax credit.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
AlanT222
Expert Alumni

Before I was laid off, I was supporting myself. I got on unemployment and was unemployed for majority of the year. Is unemployment benefits consider "earned income"?

No, unemployment income is not considered "earned income" for the purpose of receiving the earned income tax credit.  However, unemployment income is included in your adjusted gross income, which could have an effect on your ability to receive the earned income tax credit.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies