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kait22697
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I didn’t realize I chose not to pay taxes on unemployment until after I received it. How do I enter that in?

 
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2 Replies

I didn’t realize I chose not to pay taxes on unemployment until after I received it. How do I enter that in?

Not sure what your question is ... you will get a form 1099-G for the unemployment and there will simply be no withholding on the form to report.

 

Unemployment compensation is taxable on your federal return.  Enter your 1099G for unemployment in Federal>Wages and Income>Unemployment.  You might need to get your 1099G from the state’s unemployment site.

 

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

 

I didn’t realize I chose not to pay taxes on unemployment until after I received it. How do I enter that in?

If you are still receiving unemployment compensation, you should check on your state's unemployment site to see if you can change it there to start having tax withheld going forward.  You cannot do anything about the past weeks or months that you did not have tax withheld.   So depending on how much other income and the amount of unemployment compensation you have received by the end of 2020, when you enter your income including the 1099G into your 2020 return, do not be surprised if you owe.  Unemployment is taxable income on your federal return and it is taxable on some state returns as well.

**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.**
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