For immediate release: Dec 22, 2009
Posted by: [DWD]
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Important 2009 Income Tax Information for Unemployment Recipients

Important 2009 Income Tax Information for Unemployment Recipients

INDIANAPOLIS (December 22, 2009) - The Department of Workforce Development (DWD) today launched a new Web page to help Hoosiers report their unemployment information on their 2009 income tax returns.

The information can be found below and at www.in.gov/dwd/2692.

Change of Address:

Unemployment recipients who have moved should provide DWD their current mailing address before January 1, 2010. The department will mail tax statements (Form 1099G) by January 31, 2010. Hoosiers who don't receive their 1099G in the mail can visit their local WorkOne Center in person to request a duplicate after February 15, 2010.

Unemployment Insurance recipients can update their address through the online benefits filing system, "Uplink", at www.in.gov/dwd/unemploymentor their local WorkOne Center.

Reporting Unemployment Income:

Unemployment benefits are taxed at the federal, state and local levels. However, the first $2,400 in unemployment benefits is tax-free at the federal level. Any amount over $2,400 is taxed.

100 percent of unemployment benefits are subject to state and local income taxes. Unemployment recipients need to add back the amount they deducted from their federal taxable income, up to $2,400, when they report their state income for 2009.

Some Hoosiers may qualify for Indiana's Unemployment Insurance deduction. See the chart below for the appropriate form to report unemployment benefits and determine eligibility for the deduction.

 

State Tax Return Form

Report Benefits (Income)

Unemployment Deduction

IT-40 (full-year resident)

Schedule 1

Schedule 2

IT-40NPR(part-year resident)

Schedule B

Schedule C

IT-40EZ (easy filing)

Worksheet on Back

Worksheet on Back

For more information:

U.S. Internal Revenue Service (IRS):     800-829-1040              www.irs.gov

Indiana Department of Revenue (DOR):  317-232-2240             www.in.gov/dor

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DWD Media Contact: Marc Lotter, 317-232-3396 mlotter@dwd.in.gov

DOR Media Contact: Stephanie McFarland, 317-234-3793 smcfarland@dor.in.gov

TAX ADVICE DISCLAIMER: Any federal tax advice contained in this communication (including attachments) was not intended or written to be used, and it cannot be used, by you for the purpose of (1) avoiding any penalty that may be imposed by the Internal Revenue Service or (2) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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