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Unemployment federal - Is 10200 the most you can deduct? I
Unemployment federal - Is 10200 the most you can deduct? I had heard that on 3/23 they changed it so that unemployment compensation is no longer part of the agi. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,196 satisfied customers
My question is regarding federal unemployment taxes. I just
My question is regarding federal unemployment taxes … read more
Rick
Rick
MBA
10,362 satisfied customers
My three questions are federal unemployment which you
My three questions are federal unemployment which you answered. State unemployment for mass. and interest income nominee?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,196 satisfied customers
My state(NY) Does not honor the 10,200 unemployment covid
My state(NY) Does not honor the 10,200 unemployment covid relief. Can I not take the deduction as I will owe $2,000 because of it. … read more
Barbara
Barbara
Enrolled Agent
23,701 satisfied customers
There was an error regarding the 1099 I received for
There was an error regarding the 1099 I received for unemployment. I live in Virginia and unemployment payments under the CARES ACT/PUI suddenly stopped. I was authorized benefits through December 29,… read more
Barbara
Barbara
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Did the state of Ohio approve the $10,500 exemption from
Did the state of Ohio approve the $10,500 exemption from unemployement benefits received. … read more
Rick
Rick
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Wondering if the PUA unemployment in California can that
Hi - wondering if the PUA unemployment in California can that qualifies for the $10,200 not taxable as well ??… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,017 satisfied customers
FOR RICK ONLY. Earlier this morning, I sent the following
FOR RICK ONLY. Earlier this morning, I sent the following questions:I received a 1099-G for unemployment benefits I received in 2020. I only received $3916.00, less than the $10.200.00 dollar exempt a… read more
Rick
Rick
MBA
10,362 satisfied customers
Unemployment Benefit $10,200 not exempt in NYS] So, I was
Unemployment Benefit $10,200 not exempt in NYS]So, I was told by my CPA that unemployment benefit of up to $10,200 will not be exempt in NY state although federal level said it'll be exempt. What does… read more
Barbara
Barbara
Enrolled Agent
23,701 satisfied customers
I filed my federal taxes in February. I had taxes owed of
hi. I filed my federal taxes in February. I had taxes owed of $2697. now the feds have exempted $10,200 of unemployment from taxes. … read more
Barbara
Barbara
Enrolled Agent
23,701 satisfied customers
Unemployment Benefit: $10,200 exemption not applied to NYS?]
Unemployment Benefit: $10,200 exemption not applied to NYS?]So we, in NYS, still have to pay taxes on $10,200, although federal said it'll be exempt? Really??? So disappointing...… read more
Carter McBride
Carter McBride
LLM
7,902 satisfied customers
Quick question - how true is that state georgia is exempt of
hi - quick question - how true is that state georgia is exempt of the unemployment new rules -$10,200- thanks… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,017 satisfied customers
I live in NY worked in NJ. i am collecting unemployment
i live in NY worked in NJ. i am collecting unemployment through NJ. … read more
Rick
Rick
MBA
10,362 satisfied customers
I understand on the federal return there is an adjustment to
Hi Barbara, I understand on the federal return there is an adjustment to exclude up to 10,200 of unemployment compensation. So I have a taxpayer who lives in NJ working for a NY company who received u… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,395 satisfied customers
Since the American Rescue Plan excludes from income up to
Since the American Rescue Plan excludes from income up to $10,200 of unemployment compensation paid in 2020, which reduces my federal AGI by 10,200, should not NYS, in using federal AGI as a starting … read more
Carter McBride
Carter McBride
LLM
7,902 satisfied customers
How to calculate taxes owed on unemployment benefits now
how to calculate taxes owed on unemployment benefits now with the new bill that passed? $10200 is tax free? … read more
Tax.appeal.168
Tax.appeal.168
Principal
8,165 satisfied customers
I got my unemployment 1099G form and it said that I made
Second opinion] Customer: [Second Opinion] I got my unemployment 1099G form and it said that I made $32006. I had 10% taken out on Federal and 2.5% on State which was not enough, but the UE services d… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,529 satisfied customers
New rules about unemployment benefit tax, etc] I just heard
New rules about unemployment benefit tax, etc]Hello, I just heard that there are new rules, which came in a few days ago, for people who received unemployment benefit, etc, which might reduce taxes. I… read more
Barbara
Barbara
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