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annielaw
New Member

Is Reemployment trade adjustment assistance (RTAA) payment the same as receiving unemployment?

 
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1 Reply
HollyP
Employee Tax Expert

Is Reemployment trade adjustment assistance (RTAA) payment the same as receiving unemployment?

No, and it is entered in a different section of TurboTax. Reemployment Trade Adjustment Assistance (RTAA)  Workers in firms with a significant number of workers who are at least age 50, without easily transferable skills, may choose to receive a wage subsidy which is a payment of 50 percent of the difference between pre-layoff wages and their reemployment wages. The maximum allowable over a two-year period is $12,000. RTAA payments received from a state must be included in your income. The state must send you Form 1099-G to advise you of the amount you should include in income. The amount should be reported on Form 1040, line 21.  

To enter in Turbo Tax, go to:

  1. Sign in to TurboTax Online, click take me to my return.
  2. Click Federal Taxes, then go to the section called 1099-MISC and Other Common Income and click show more.
  3. Select start next to Other 1099-G income to enter your RTAA payments.
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