I was laid off last February. I earned about $1728 from January to mid-February, which reflect the difference on my W2 and 1099-g.
I don't understand why my w2 shows Wages earned at $9332, when it was only around $1728.
1. Is that amount on the W2 ($9332), the 1099-g from unemployment/Fed Gov $600 ($7604), plus my ACTUAL EARNED WAGES ($1728 approx)?? Or do I need a corrected W2.
2. My tax refund went down significantly after entering those figures, when I claimed 0 for taxes, and claim 0 for my current job. It just seems off, though I may have entered a new tax bracket since I only worked 4 months in 2019 after graduating
I am just not sure the W2 is correct. Any thoughts?
Thank you
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Unemployment is taxable income so your tax refund or tax due is impacted by receiving unemployment. It is taxable on your federal return and taxable in some states. If you did not have tax withheld from the unemployment then do not expect a big refund.
Did you enter your 1099G in the right place? It is not on a W-2---it is on a 1099G
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.
STATES THAT TAX UNEMPLOYMENT BENEFITS
AZ, AR, CO, CT,, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, NB, NM, NY,NC, ND, OH, OK, OR, RI, SC, UT, VT, WV, WI
STATES THAT DO NOT TAX UNEMPLOYMENT BENEFITS on the state return
AK, CA, DE, FL, MT, NH, NJ, NV ,PA, SD, TN, TX, VA, WA, WY
Would you be able to answer Question 1? Not sure why the W2 significantly higher than what I earned. Thanks
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