Form 1040 - Unemployment Compensation
1

Unemployment compensation is entered in the Other Income section of the Federal Quick Q&A Topics menu. It is reported on Line 7 of Schedule 1 (Form 1040) Additional Income and Adjustments to Income.

To enter or review your unemployment compensation information in TaxAct:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Other Income in the Federal Quick Q&A Topics menu to expand, then click Unemployment compensation.
  3. Click + Add Form 1099-G Unemployment to create a new copy of the form or click Edit to review a form already created.
  4. Continue with the interview process to enter all of the appropriate information.

For more information, please review Publication 525, Taxable and Nontaxable Income.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.