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Shelby222
New Member

Do you have to report repayment of unemployment less than 3000

I repaid 1200 in 2024 repayment on unemployment from 2021. I thought I read that if it’s less than 3000.00 you won’t get anything for it so you don’t need to do it. Is that true? 

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3 Replies

Do you have to report repayment of unemployment less than 3000

Unfortunately, you are correct. IRC 1341 bars a deduction or credit if the amount repaid is $3000 or less for your type of repayment. 

Shelby222
New Member

Do you have to report repayment of unemployment less than 3000

Okay I just wanted to make sure that I wasn’t doing something wrong if I didn’t put it on there. If I’m gonna benefit from it no reason to upgrade my filing. Thank you! 

Shelby222
New Member

Do you have to report repayment of unemployment less than 3000

I meant if I’m not gonna benefit from it lol 

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