Question

Unemployment back paid in 2022 that was due in 2021

Forum|Forum|3 years ago
March 30, 2023
1 reply
0 views

Due to severance pay, my unemployment was held in 2021, flagged for fraud. This case went into adjudication while I continued to file each week. With the backlog in processing, this issue was not resolved until October of 2022.

At that time, they corrected the hold and paid the entire back pay amount, over $18,000. I received a 1099-G from the state of Nevada, showing "for tax year 2022".

Due to this additional income, now my marketplace insurance shows a huge discrepancy, due to making too much money for the plan I qualified for.

Can someone help?

Should I contact State of NV for a corrected 2021 form, showing this, and amend my 2021 return?

Anyone have any experience with this, I'm sure this is a common problem. Thank you!

TurboTax Home & Biz Windows

C

Cynthiad66

Perhaps contact the Marketplace or Healthcare.gov for guidance. Your income is taxed in the year received. Use this link to contact Healthcare.gov

What would you have the NV gov't amend for? The year you were paid is the year that the income is included for tax purposes.

The Marketplace uses an income number called modified adjusted gross income (MAGI) to determine eligibility for savings. It’s not a line on your tax return.

See what’s included in MAGI and how to estimate it.

Your MAGI is the total of the following for each member of your household who’s required to file a tax return:

Your

adjusted gross income (AGI)

on your federal tax return
Excluded foreign income
Nontaxable Social Security benefits (including tier 1 railroad retirement benefits)
Tax-exempt interest
MAGI does not include Supplemental Security Income (SSI)

Income for ACA insurance

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