1099-G forms are used to report unemployment benefits, as well as state and federal taxes withheld. Unemployment benefits are taxable and payments of $10.00 or more are reported annually to the Internal Revenue Service (IRS) and the state’s Department of Revenue and Finance. Typically, states will mail IRS 1099-G forms by January 31st to individuals who received benefits during the prior year. 1099-G forms include vital tax information that individuals must report on state and federal income tax returns, including the amount of benefits paid during the tax year and the amount of state and federal taxes withheld.
The Iowa Workforce Development advised that they discovered that recently mailed out 1099-G forms may not have included all 2020 benefits received by claimants. The state identified the reason for the error and corrected the issue. The state will reissue 1099-G tax forms to all claimants on January 25, 2021. Please be aware that the state requests that any individual who receives a 1099-G prior to this date disregard and destroy it, as well as that individuals do not need to notify the state of an incorrect 1099-G amount. Please visit https://www.iowaworkforcedevelopment.gov/ for more information.