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Tax Exempt unemployment form 1099 G

najj
Level 1

 Any Idea if and when the updates coming on the 10,200 exemption from taxes on the unemployment 

income

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Dave Kropp
Level 3

The exclusion should be reported separately from your unemployment compensation. See the updated instructions and the Unemployment Compensation Exclusion Worksheet to figure your exclusion and the amount to enter on Schedule 1, lines 7 and 8.

 

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

 

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3 Comments 3
jeffmcpa2010
Level 11

take 5 minutes and look through any of the dozens of threads in the last few days asking the same question and you can find your answer

Dave Kropp
Level 3

The exclusion should be reported separately from your unemployment compensation. See the updated instructions and the Unemployment Compensation Exclusion Worksheet to figure your exclusion and the amount to enter on Schedule 1, lines 7 and 8.

 

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemploym...

 

dmccpa
Level 3

IS the $150k MAGI for single taxpayers? 

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