Unemployment and taxes resource center
Job loss means more than the loss of income. It can be an overwhelming experience, especially during the COVID-19 crisis. We understand unemployment taxes may be the last thing on your mind. But know this—you’re not in this alone. We’re here to help you navigate the financial impacts for tax season and beyond.
Free tax filing with unemployment income
When you’re making every dollar count, it’s nice to know you can include your unemployment tax forms for free with H&R Block Online Free.
Worried your taxes are too complex for H&R Block Free Online? Check out Block’s other ways to file.
Taxes and unemployment income
Many people don’t realize until it’s time to file that unemployment income is taxed.
Plus, this income can affect the tax credits you can take and the forms you receive.
- Child Tax Credit and unemployment – Eligibility impacts
- Earned Income Credit – Eligibility impacts
- Form 1099-G – Unemployment income reporting
- Can’t pay your taxes? – Review your options
Other financial considerations
Unemployment and coronavirus impacts can affect your choices for things like health insurance and early retirement plan withdrawals.
Understand these options.
- Health insurance – Do penalties apply if you don’t have insurance?
- 401(k)/IRA withdrawals – Tapping funds penalty free
- Unemployment benefits – Eligibility and how to claim benefits
Getting back to work
Whether you’re looking for work, taking on a side job or going back full time, it all can affect your taxes.
Consider these details as you go back to work.
Is unemployment taxable? The team at H&R Block explain unemployment income, how it’s taxed, and how to use our tax calculator for unemployment income.
If you’ve received unemployment compensation or a state tax refund, you’ll receive Form 1099-G. Learn more about Form 1099-G and how it affects your taxes.
Determining if you’re able to claim the Earned Income Tax Credit can be tricky. H&R Block can explain how to qualify for the Earned Income Credit.