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I was working on my wife's taxes for 2020 on extension, and
I was working on my wife's taxes for 2020 on extension, and it seems the irs taxed her like 100 bucks for 15k unemployment, but NY State wants $900. Is this sound correct? Is NY really giving people t… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
17,743 satisfied customers
I received unemployment in 2020, and then in december I
I received unemployment in 2020, and then in december I received notice that they thought I was overpaid and they want the money back. I am fighting it in court, because I believe that I WAS eligible,… read more
Barbara
Barbara
Enrolled Agent
24,195 satisfied customers
Second Opinion) Robin. Once again I've waited to the last
Second Opinion) Customer: Good morning, Robin. Once again I've waited to the last minute. Do you ever do that? I need your help. I have my NY State Gove 1099G. I see the taxes I chose to be withheld. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
Doing simple 1040 tax return// have it all finished except
doing simple 1040 tax return// have it all finished except one technicalty/// i have 3 w-2s from 3 different employers and a 1099g for wa state unemployment income// when doing box 1 on 1040 (wages sa… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am trying to decide if I should claim my children as
I am trying to decide if I should claim my children as dependents or not to optimize the education credit … read more
Barbara
Barbara
Enrolled Agent
24,195 satisfied customers
I have ny state income and filed an it-203. I now learned i
i have ny state income and filed an it-203. I now learned i have to file it-558, but none of the deductions apply. Do i just enter all zeros? … read more
PDtax
PDtax
Owner
Master's Degree
6,509 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
24,195 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
8,035 satisfied customers
Owe 400 but had 15,000 in unemployment. So I will get rebate
Owe 400 but had 15,000 in unemployment. So I will get rebate on taxes paid on 10,200. Do I still have to pay the 400 or will they deduct from refund owed. When I filed in Feb. taxes were due in April … read more
Diligent Mike
Diligent Mike
Attorney
Master's Degree
333 satisfied customers
I have an adult grandson that I support. He has drawn $12360
I have an adult grandson that I support. He has drawn $12360 of COVID relief payments and unemployment for 2020. The unemployment portion is less than the $4300 taxable income to qualify as a dependan… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,582 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
6,549 satisfied customers
I have both 1099 and W-2 income for 2020. The W-2 income
I have both 1099 and W-2 income for 2020. The W-2 income came from an employment agency who paid me, while said agency was paid be the engineering firm for which I worked. The term was for 6 months, w… read more
Gerald, Esq
Gerald, Esq
Juris Doctor
704 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
8,035 satisfied customers
Los Angeles. 27 No. So I made $10,000 for the first 3 months
So I made $10,000 for the first 3 months of 2020 before losing my job to covid … read more
Barbara
Barbara
Enrolled Agent
24,195 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.
9,582 satisfied customers
Did the new covid recovery law change the 2020 return that I
Did the new covid recovery law change the 2020 return that I am working on? … read more
Roxanne625
Roxanne625
Master of Accountancy
1,642 satisfied customers
I made 30k in unemployment, and paid $3000 federal, but $0
Quick question,I made 30k in unemployment, and paid $3000 federal, but $0 state taxes.right now I get $1000 back and owe $400 for state.What will the $10,200 wavier mean for me that Biden will sign in… read more
Barbara
Barbara
Enrolled Agent
24,195 satisfied customers
I got a tax bill I wasn't expecting. I owe a balance that I
I got a tax bill I wasn't expecting. I owe a balance that I can afford but the penalties have doubled my bill. I am partially, unemployed due to covid 19 and am hoping to have my penalties waved … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,582 satisfied customers
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