Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
nnshipp
New Member

Can you hold your unemployment for a year without filing it

 
2 Replies
HelenC12
Expert Alumni

Can you hold your unemployment for a year without filing it

No, you can't hold the amount of unemployment money (benefits) that you received and hold it (not report it on your income tax return) for a year. You have to file an income tax return and report the amount received in that year to avoid non-filing penalties and interest. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
SweetieJean
Level 15

Can you hold your unemployment for a year without filing it

The IRS gets a copy of your 2020 1099-G, so will know if you do not claim it.

Dynamic AdsDynamic Ads
v
Privacy Settings