Skip to main content
January 30, 2024
Solved

How to I report repayments for federal tax for unemployment?

  • January 30, 2024
  • 1 reply
  • 0 views
No text available
Best answer by LindaS5247

Did you repay all of your unemployment benefits?

 

If you repaid it (benefits received and reported in 2023) in 2023, you can tell TurboTax you repaid it in 2023.  Follow the prompts in TurboTax for repayments of unemployment compensation.

 

Use the Unemployment section under Wages & Income in TurboTax.  All of the federal taxes withheld from unemployment will be reported on your 2023 return as a tax payment.  You will receive back a percentage of the federal taxes withheld based on the amount of unemployment that was repaid in 2023.


Remember to keep all of your forms, including any 1099-G form you receive, with your tax records.


 

1 reply

LindaS5247
January 31, 2024

Did you repay all of your unemployment benefits?

 

If you repaid it (benefits received and reported in 2023) in 2023, you can tell TurboTax you repaid it in 2023.  Follow the prompts in TurboTax for repayments of unemployment compensation.

 

Use the Unemployment section under Wages & Income in TurboTax.  All of the federal taxes withheld from unemployment will be reported on your 2023 return as a tax payment.  You will receive back a percentage of the federal taxes withheld based on the amount of unemployment that was repaid in 2023.


Remember to keep all of your forms, including any 1099-G form you receive, with your tax records.


 

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