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.
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
can you please help me with the input of pua 1099g? i inupted all my information and did efile but when i looked at my efile it did not list my unemployment income in my agi or the taxes i had withheld and i did enter my information. I am filing as a dependent and it did ask for my parents income and i dont know that. can you help me please thank you
The PUA preceding the 1099-G form is used to report different types of unemployment benefits received but it is reported the same way on the return. Your unemployment income is reported on schedule 1 and will carry over to form 1040 line 8
Make sure you have entered the PUA 1099-G form correctly. To report form 1099-G:
If TurboTax is asking for your parents' income, it must be because you are subject to "kiddie tax." The kiddie tax is a tax imposed on individuals under 19 years old whose investment and unearned income is higher than an annually determined threshold.
If you already filed your return and you need to adjust your entries for form 1099-G, you need to amend your return.
I did do all those steps, I am 21 and had one semester at college so this will be my last year of being a dependent because I am done college at this point. I did not list my parents information becasue I dont know it. Was I supposed to answer those specific questions regarding my parents income? I was confused as to what that had to do with my tax return and unemployment. What information would I need from them in order to correct my return and when can I correct my return? Thank you for your response
If you qualify for IRS Form 8615, yes, you need to answer the questions about your parents income. Unemployment is considered unearned income for purposes of the form and unearned income over $2,200 triggers the form. Review your answers to see whether this form is required.
IRS Form 8615 is used for children under age 18 and certain older children for whom unearned income over $2,200 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,200, use IRS Form 8615 to figure the child's tax.
Review your answers to see whether this form is required.
When filing the form, you must provide the name and Social Security Number of a parent, as well as which filing status the parent is using, such as single, joint or married filing separately. The form has three parts:
This TurboTax Help explains who must file IRS form 8615: Tax for Certain Children Who Have Unearned Income.
For 2020, a child must file Form 8615 if all of the following conditions apply:
For tax purposes, the child's "age" is the age on December 31. The child must file the form if any of these conditions apply:
In addition, the IRS defines unearned income as: