The stimulus checks increased my income from $20k+ to $30k+. How did $1200+$600 increase my income by that much though I have already reported my unemployment income?

a531952218 · ‎February 17, 2021

From my point of view, my income should be $20k + $1200 + $600. There is now way it's close to $30k. Is there an option for me to correct my total income?

AlanT222 · ‎February 17, 2021

Stimulus payments you received are not included in your taxable income. However, unemployment compensation is included in your taxable income, even if you had income tax withheld from your pay.

Your total income should include your wages and your unemployment compensation.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

AlanT222 · ‎February 17, 2021

Stimulus payments you received are not included in your taxable income. However, unemployment compensation is included in your taxable income, even if you had income tax withheld from your pay.

Your total income should include your wages and your unemployment compensation.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Why sign in to the Community?

The stimulus checks increased my income from $20k+ to $30k+. How did $1200+$600 increase my income by that much though I have already reported my unemployment income?

The stimulus checks increased my income from $20k+ to $30k+. How did $1200+$600 increase my income by that much though I have already reported my unemployment income?

The stimulus checks increased my income from $20k+ to $30k+. How did $1200+$600 increase my income by that much though I have already reported my unemployment income?