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Do I deduct the $10,200 unemployment credit myself?

3 Replies
Level 15
Level 15

Do I deduct the $10,200 unemployment credit myself?

No. Enter the full amount of unemployment that you received. TurboTax will automatically give you the $10,200 exclusion.


Level 15

Do I deduct the $10,200 unemployment credit myself?

Absolutely not.   You enter your 1099G exactly as it is and let the software calculate how much of your unemployment is taxable.  The program will do all of the calculations

Unemployment compensation is taxable on your federal return. 

You will have to enter a 1099G that is issued by your state.


Some states will mail out the 1099G.  Or you might need to go to your state’s unemployment website and use the password, etc. that you have been using to certify for weekly benefits to get your 1099G from the state’s site.


Enter your 1099G in Federal>Wages & Income>Unemployment


Go through the screens very carefully, making sure  to enter any federal/state tax you had withheld from the unemployment.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Level 15

Do I deduct the $10,200 unemployment credit myself?

it's not a credit. a credit would result in a reduction in your taxes by $10,200. it's really the maximum amount of UC that can be treated as nontaxable for any one person.  - schedule 1 line 8 with the letters UCE. 

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