Question

How do I enter the unemployment tax credit of $10200.00

Forum|Forum|5 years ago
April 9, 2021
1 reply
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TurboTax Self Employed Online

S

SweetieJean

Employee

It's a Federal deduction, not a tax credit. The program does this automatically after you enter your 1099-G.

Also see:

The states still taxing unemployment benefits, despite federal relief (usatoday.com)

How is my state taxing unemployment income? (intuit.com)

K

kay6Author

OK but I’m being told that the IRS has furnished instructions for TurboTax to calculate that $10,200 deduction or whatever you wanna call it I have completed my taxes through TurboTax have not yet filed because it is not amending anything showing the reduction in my 1099G through the unemployment agency of the $10,200