Unemployment compensation is considered taxable income and must be reported on your tax return.
If you received unemployment benefits during the year, you should receive Form 1099-G. The amount in Box 1 shows the total unemployment compensation paid to you.
Where do I report my unemployment compensation?
To report your unemployment income, go to:
- Federal
- Income (Select my forms)
- 1099-G Box 1
- Add or Edit a 1099-G
Please make sure that you enter this information accurately when preparing your return.