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sosaw1982
New Member

I recieved unemployment how file my taxes

i file a 1040 form would like to know if this form is the correct form to file taxes we
hen you are on unemployment
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2 Replies

I recieved unemployment how file my taxes

Please wait until the IRS issues guidance for this. See:

IRS Statement - American Rescue Plan Act of 2021 | Internal Revenue Service

RayW7
Expert Alumni

I recieved unemployment how file my taxes

I agree with @SweetieJean and  although I too suggest you wait you would use form 1040 to file taxes.

 

Traditionally, unemployment benefits are taxed 10% at the federal level, as well as in some states. You can get ahead of your potential tax bill by opting to have 10% of benefits withheld from your unemployment checks. That said, it's voluntary and often overlooked when people file for unemployment benefits.

 

-follow this link for more information-

Topic No. 418 Unemployment Compensation | Internal Revenue

 

 

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