DES MOINES – Today, Iowa Workforce Development announced that it will reissue new 1099-G tax forms to all claimants on Jan 25, 2021. After recently mailing the 1099-G forms, IWD discovered the forms may not have included all of the benefits received by claimants in 2020. The form is used to report unemployment compensation, and state and federal taxes withheld. The reason for the error has been identified and corrected.
If you receive a 1099-G prior to Jan. 25, we ask that you please disregard and destroy it. There is no need to contact IWD at this time to notify us of an incorrect 1099-G amount. IWD is committed to ensuring that all claimants receive accurate 1099s, and we thank you for your patience and understanding during this process.
Unemployment insurance benefits are taxable, and payments of $10.00 or more are reported annually to the Internal Revenue Service (IRS) and the Iowa Department of Revenue and Finance. An IRS Form 1099-G is mailed by January 31 of each year to individuals who received unemployment insurance benefits during the prior calendar year. This form provides important tax information that must be reported on your 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.
As always, additional information will be provided as needed on the IWD website at: https://www.iowaworkforcedevelopment.gov/