Note: This article was updated on Jan. 24, 2020
If you receive unemployment benefits from the Idaho Department of Labor, you need to know your responsibilities at tax time. Here are some answers to common questions regarding unemployment insurance and taxes.
Are unemployment insurance benefits taxable?
Unemployment insurance benefits are taxable, and if you collected or repaid unemployment insurance benefits during any taxable year, you are required to file a tax return for payments received or repaid. This information is reported to the Internal Revenue Service (IRS).
What do I need from the Idaho Department of Labor to file my taxes?
By the end of January, you should receive a 1099-G statement in the mail which shows the total taxable unemployment compensation issued to you from the State of Idaho for a calendar year. This letter is included in the mailing.
Q. Are unemployment insurance benefits taxable?
A. Yes. Unemployment insurance benefits are fully taxable, and you are required to file a tax return for payments received or repaid.
Q. What do I need from the Idaho Department of Labor to file my taxes?
A. If you collected or repaid unemployment insurance benefits, you’ll receive a summary of the benefits you received by the end of January. This form, otherwise known as an IRS form 1099-G, will be sent to your last known address. It’s your responsibility to make sure the Idaho Department of Labor has the most recent and correct address. If your address has changed, go to labor.idaho.gov/iw and update it, even if you are no longer filing. IMPORTANT: YOUR 1099-G WILL INCLUDE YOUR ENTIRE SOCIAL SECUIRTY NUMBER, AS REQUIRED BY THE INTERNAL REVENUE SERVICE. FAILURE TO UPDATE YOUR MAILING ADDRESS COULD RESULT IN YOUR 1099-G GOING TO THE WRONG ADDRESS AND PUT YOUR IDENTITY AT RISK.