W2 and 1099G

Forum|Forum|5 years ago
February 22, 2021
2 replies
24 views

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

xmasbaby0

Level 15

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

https://ttlc.intuit.com/community/personal-income-taxes/help/how-does-receiving-unemployment-affect-my-taxes/00/1756152

**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.**