TurboTax FAQ
TurboTax FAQ
138 people found this useful

Do I have to pay taxes on unemployment?

Although it doesn't seem quite fair, the IRS does consider unemployment income as taxable income, as do most states.

On the bright side, if your sole source of income during 2015 was from unemployment, you might not have enough income to be required to file a return. More info

Unemployment income is reported on Form 1099-G. After you enter your unemployment income, we'll figure out how much (if any) is taxable by the IRS and your state.