I received unemployment compensation in 2020. Do I not pay federal income tax on it?

[snoblind02]

Using turbo tax online and it does not seem to give an option to enter it

[rjs]

The first $10,200 of unemployment is excluded from federal tax. TurboTax gives you the exclusion automatically when you enter your Form 1099-G. You don't have to do anything to get it. The exclusion will appear on Schedule 1 line 8.

[snoblind02]

Thanks,  My confusion is when trying to enter the 1099-G online it isn't giving me an option to choose unemployment comp

unless I am missing it.

[xmasbaby0]

You might be trying to enter it in the wrong place--since there are several kinds of 1099G's

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.

[snoblind02]

Thanks!