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Philresnikoff
Returning Member

Unemployment Compensation

Are the federal additions to unemployment insurance taxable?

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3 Replies

Unemployment Compensation

Yes----all of your unemployment is taxable including the amount that was added by the federal government.   For 2020 returns, Congress waived federal tax on the first $10,200 of unemployment.   That was only for tax year 2020.   For tax year 2021, it is all taxable on your federal return and possibly on your state return, depending on your state.

 

UNEMPLOYMENT COMPENSATION

 

Unemployment compensation is taxable on your federal return. 

 

You will have to enter a 1099G that is issued by your state.

 

Some states will mail out the 1099G.  Or you might need to go to your state’s unemployment website and use the password, etc. that you have been using to certify for weekly benefits to get your 1099G from the state’s site.

 

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.

 

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-report-a-1099-g-for-unemploymen...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Philresnikoff
Returning Member

Unemployment Compensation

Thanks for the quick response.  Bummer though!

Unemployment Compensation

Indeed it is for many people.  Sorry.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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