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Does unemployment count towards your AGI?

Forum|Forum|5 years ago
January 25, 2021
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Hey if my AGI for the year is 29,000 after deductions ,but I received around $7000 unemployment that year , does that count towards my total AGI , so that would make my total AGI , 36,000?

Not A Product Question

Best answer by HelenC12

Yes, the $7,000 unemployment benefits count towards your AGI but TurboTax includes them in your AGI calculation so don't add the $7,000 to the $29,000.

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xmasbaby0

Employee

Unemployment is taxable income---so yes it "counts,"

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-unemployment-or-paid-family-leave/00/26530

STATES THAT TAX UNEMPLOYMENT BENEFITS

AZ, AR, CO, CT, DE, 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, 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.**

H

HelenC12Answer

Yes, the $7,000 unemployment benefits count towards your AGI but TurboTax includes them in your AGI calculation so don't add the $7,000 to the $29,000.

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