Video: Do I File My Unemployment as Wages on My Tax Return?
You don't report your unemployment income as wages, but you still have to report it.
The One Big Beautiful Bill that passed includes permanently extending tax cuts from the Tax Cuts and Jobs Act, including increasing the cap on the amount of state and local or sales tax and property tax (SALT) that you can deduct, makes cuts to energy credits passed under the Inflation Reduction Act, makes changes to taxes on tips and overtime for certain workers, reforms Medicaid, increases the Debt ceiling, and reforms Pell Grants and student loans. Updates to this article are in process. Check our One Big Beautiful Bill article for more information.
Video transcript:
Jorigel from TurboTax Community asks: "Do I file my unemployment as wages? I’ve had taxes taken out and I’ve gotten unemployment all year."
Hi, I’m Christine from TurboTax. And the answer is no. You would not report your unemployment income as wages, but you’re still not off the hook; you still have to report it.
Unemployment will be reported to you on a Form 1099-G from your state. Once you get this form, you need to report this income and any withholding. I hope that helps.
For more information: www.turbotax.com
TurboTax is here to help with our Unemployment Benefits Center. Learn more about unemployment benefits, insurance, eligibility and get your tax and financial questions answered.