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I reported all of my unemployment income on my taxes, but I did not use the form from the unemployment agency to repot my income as unemployment. Do I amend?

Forum|Forum|5 years ago
June 5, 2021
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I got the tax form after I filed my taxes. I figured since I use Inuit and report all of my income from there, it didnt really matter. But now, I dont think the IRS has any idea that my income was from unemployment and I wont get thge $1020 tax rebate. Should I amend ?

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Best answer by Hal_Al

You do not need to report the Unemployment compensation from the form from the unemployment agency (form 1099-G), as long as you entered the correct amount in the correct place.

Unemployment compensation is reported on line 7 of Schedule 1 and is also included in the amount on line 8 of form 1040 (for most people line 8 of form 1040 is your unemployment comp). You do not need to amend if that is where it is.

The is no $1020 tax rebate. What there is is a (up to) $10,200 deduction before income tax is calculated. If you filed before the deduction law was passed, the IRS will automatically recalculate your taxes and send you a refund.

fanfare

Employee

"I reported all of my unemployment income on my taxes"

On which line of 1040 did you put this income.?

That makes all the difference.

The Morning StarAuthor

Im not really that savy when it comes to taxes......I see alot of areas, but Im not sure what line makes all the difference. I do see a line that says w-2, and 1099 and the 1099 line is empty. Line 9 on the first sheet that says total income...is that the line you're talking about?

Im almost certain I screwed this portion up, and should probably just eat the lost of not getting that unemployment tax rebate. Trying to amend and fix this might be a bigger headache than the return itself.

😩

Hal_AlAnswer

Employee

You do not need to report the Unemployment compensation from the form from the unemployment agency (form 1099-G), as long as you entered the correct amount in the correct place.

Unemployment compensation is reported on line 7 of Schedule 1 and is also included in the amount on line 8 of form 1040 (for most people line 8 of form 1040 is your unemployment comp). You do not need to amend if that is where it is.

The is no $1020 tax rebate. What there is is a (up to) $10,200 deduction before income tax is calculated. If you filed before the deduction law was passed, the IRS will automatically recalculate your taxes and send you a refund.