1680344
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

voodoo427
New Member

I normally pay taxes through withholding, but I accidentally chose not to withhole from Unemployment for the past 4 months. Will I owe taxes on that?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I normally pay taxes through withholding, but I accidentally chose not to withhole from Unemployment for the past 4 months. Will I owe taxes on that?

Seems likely.

You will know shortly since the tax return is due tomorrow

I normally pay taxes through withholding, but I accidentally chose not to withhole from Unemployment for the past 4 months. Will I owe taxes on that?

Since you mentioned the period as last 4 months, you are most likely getting the federal disaster unemployment benefit of $600 per week above any state benefits. This could put you in the taxable income range for the year. Some states are only withholding the federal taxes on the state benefit portion and beneficiaries may still have to pay estimated taxes to cover the federal unemployment amount. So, you have a couple of options:

- If you state requires certification at regular intervals, you can request to withhold 10% Federal tax for future weeks

- For the remaining taxable income including unemployment compensation, you could make estimated tax payments:

    Federal: https://www.irs.gov/payments/direct-pay

    State: Depends on your state

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question