I collected ilinois unemployment for 6 months can i claim that in my income tax return?

Question

they were taking out 129.00 a check?? if so what do i take to h and r block?

im asking to see if this will count towards earned income so i can get some what of an income tax check back cause i never had unemployment before and every year i get earned income for my son will i still get it with me getting unemployment?

Answer 1

Yes you will claim unemployment compensation on your Income Tax Return because it is taxable income. You should be getting a 1099G from the Illinois Unemployment Dept and you will enter your total amount on Line 13 on a 1040A form or line 19 on a 1040 form. Also, the 1099G form form will have the total amount of taxes paid on it. You will take the 1099G form, your W2s, bank statements, etc., to H & R Block. If you have any doubt about taking a form or not, just take it with you.

Answer 2

You have to claim the amount you got for unemployment as income. If you had taxes withheld, you'll show that as taxes already paid just like withholding from a paycheck. The state will send you a form showing what you received, and what was withheld - you'll take that with your other tax papers when you go to get your return done.

Unemployment comp is NOT earned income so does not give you anthing toward EIC.

Answer 3

You will receive a 1099G from Illinois unemployment. Take that document to your tax preparer.

Your unemployment is not considered earned income for the earned income credit, but it is taxable income.

What happens is the EIC is figured only on your wages, and then figured with your wages plus unemployment, and you get the smaller amount. So unemployment may lower your EIC, it cannot raise it.

Answer 4

Your unemployment income will be added to your income for income tax purposes. The amount withheld will be included in withholding.

Take your unemployment statement (it's kind of like a W-2) with you to the tax place.

You didn't work, so this won't help you get more EIC. In fact if it makes your total income too high, it can cause you to get less EIC. Remember EIC stands for EARNED income credit. You didn't earn unemployment.

Answer 5

The state will (probably in January) send you a 1099-G showing the amount paid and the amount withheld for taxes. Bring this to the tax preparer. Both numbers go on your federal tax forms. They may or may not be a requirement to report it on your state tax return as well.

Answer 6

you will receive a 1099 from them and you "most" claim this as income.

Answer 7

You have to report it. IRS knows all!!!