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May 31, 2021
Question

If I owe taxes will I still get tax credit for unemployment

  • May 31, 2021
  • 1 reply
  • 0 views
Will that cut how much I owe back in taxes or does it not affect me? Dont want to make a payment yet if final amount will change on what I owe in taxes.

1 reply

May 31, 2021

if you qualify, up to the 1st $10,200 will not be taxable. thus taxable income and your tax liability should be reduced. if you haven't filed yet, the current online app should reflect the nontaxable portion - schedule 1 line 8 however, you may have to upgrade since schedule 1 is not in the free edition.