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New Member
posted Jan 21, 2021 4:50:02 AM

Can you hold your unemployment for a year without filing it

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2 Replies
Expert Alumni
Jan 21, 2021 5:12:53 AM

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. 

Level 15
Jan 21, 2021 7:38:05 AM

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