What is Form 1099-G?
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Last modified 10/12/2023 5:47:12 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
Form 1099-G is a tax form that is used to report certain government payments that you may have received during the tax year. The "G" in the form number stands for "government."
There are a few different types of payments that may be reported on Form 1099-G, including.
- Unemployment compensation: If you received unemployment benefits from your state, those payments would be reported on Form 1099-G.
- State and local tax refunds: If you received a refund of state or local income taxes during the tax year, that refund might be reported on Form 1099-G.
- Certain federal payments: Some federal payments, such as agricultural payments or disaster assistance payments, may be reported on Form 1099-G.
The information reported on Form 1099-G is used to calculate your taxable income for the year. You will need to report the information from Form 1099-G on your federal tax return, and you may also need to report it on your state tax return, depending on the state filing requirement.
To learn more information about Form 1099-G, click here.