Solved: Does unemployment count towards your AGI?
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jack3345
Level 1

Does unemployment count towards your AGI?

Hey if my AGI for the year is 29,000 after deductions ,but I received around $7000 unemployment that year , does that count towards my total AGI , so that would make my total AGI , 36,000?

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HelenC12
Employee Tax Expert

Does unemployment count towards your AGI?

Yes, the $7,000 unemployment benefits count towards your AGI but TurboTax includes them in your AGI calculation so don't add the $7,000 to the $29,000.  

 

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xmasbaby0
Level 15

Does unemployment count towards your AGI?

Unemployment is taxable income---so yes it "counts,"

 

 

UNEMPLOYMENT COMPENSATION

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.

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-report-a-1099-g-for-unemploymen...

 

STATES THAT TAX UNEMPLOYMENT BENEFITS

AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, NB, NM, NY,NC, ND, OH, OK, OR, RI, SC, UT, VT, WV, WI

 

STATES THAT DO NOT  TAX UNEMPLOYMENT BENEFITS on the state return

AK, CA, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY

 

https://ttlc.intuit.com/community/personal-income-taxes/help/how-does-receiving-unemployment-affect-...

**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.**
HelenC12
Employee Tax Expert

Does unemployment count towards your AGI?

Yes, the $7,000 unemployment benefits count towards your AGI but TurboTax includes them in your AGI calculation so don't add the $7,000 to the $29,000.  

 

**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

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