Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

Showing results for 
Search instead for 
Did you mean: 
Returning Member

unemployment taxes

I have been receiving unemployment since November 2020. How do I figure out if the benefits I have received are taxable?

3 Replies
Returning Member

unemployment taxes

That article, I believe, is mostly talking about unemployment received in 2020, which people are receiving refunds for. My question centers on all of the unemployment I have received in 2021. Will I need to pay taxes on it?

Employee Tax Expert

unemployment taxes

Hi @cincyann you may possibly need to pay taxes on your unemployment compensation at the end of the year and this depends on your overall tax picture.  Your unemployment is taxable on the Federal level and possibly the state level, depending on your location.    I have attached a link to the Turbo Tax Calculator to help you possibly get an idea of how much you could possibly owe or receive in taxes for 2021.  I hope this helps!

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

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.



Manage cookies