Tap Posted July 8, 2021 Share Posted July 8, 2021 I may get a back payment from unemployment for dates in spring 2020. I am appealing my claim and it looks like it is moving forward in positive direction! I got divorced in 2021, so my 2021 taxes will be my first year filing taxes solo. If it is 2021 income, then there won't be a problem at all. I will have to pay 2021 taxes on it, but the filing will be simple. The back payment is below the federal exemption limit for paying taxes on it in 2020, but since I am receiving the money in 2021, I don't know if it qualifies as 2020 earnings or 2021. Any idea? If it is 2020, do my x and I have to file an amended return? Thanks for any information you can give or direct me to ~Tap Quote Link to comment Share on other sites More sharing options...
Longtime Lurker Posted July 8, 2021 Share Posted July 8, 2021 (edited) 9 hours ago, Tap said: I may get a back payment from unemployment for dates in spring 2020. I am appealing my claim and it looks like it is moving forward in positive direction! I got divorced in 2021, so my 2021 taxes will be my first year filing taxes solo. If it is 2021 income, then there won't be a problem at all. I will have to pay 2021 taxes on it, but the filing will be simple. The back payment is below the federal exemption limit for paying taxes on it in 2020, but since I am receiving the money in 2021, I don't know if it qualifies as 2020 earnings or 2021. Any idea? If it is 2020, do my x and I have to file an amended return? Thanks for any information you can give or direct me to ~Tap If you receive it in 2021, then it is 2021 income and goes on your 2021 taxes. Even if the payments are for 2020. Unfortunately, this means you do not qualify for the 2020 unemployment tax exemption, but it sounds like this will be easier for you anyway. Edited July 8, 2021 by Longtime Lurker add info 1 1 Quote Link to comment Share on other sites More sharing options...
Longtime Lurker Posted July 8, 2021 Share Posted July 8, 2021 (edited) 37 minutes ago, Longtime Lurker said: If you receive it in 2021, then it is 2021 income and goes on your 2021 taxes. Even if the payments are for 2020. It is like when you get paid in January of year X+1 for the last week of December of year X, then it is taxed in year X+1 even though you earned it in year X. Edited July 8, 2021 by Longtime Lurker clarity 1 Quote Link to comment Share on other sites More sharing options...
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