C-Corp and individual extended tax returns are due October 15!

Home › Tax Forms › 1099 Form › 1099 G

What is a 1099-G form?

Tax Form Wizard

Find out which forms you'll need with this tax form recommender.


How would you describe yourself?

Choose as many as you like

Self-employed

Freelancer, independent contractor, etc

Salaried employee

Full-time or part-time W-2 employee

Business owner

LLC, S corp or partnership

What is a 1099-G form?

Another day, another 1099 form. The 1099-G form (Certain Government Payments) is an informational IRS form that shows you any money you’ve received from the government. This is quite different from a form like the 1099-NEC, which reports self-employed income. When it comes time to file your taxes, you'll need this form since the money you received might need to be reported on your Form 1040. Unlike a 1099-MISC which reports your miscellaneous income and is essential when paying self-employment tax, Form 1099-G only affects your federal and state income taxes. Key takeaways:
  • Form 1099-G reports money received from the government in the form of refunds or unemployment
  • Certain types of payment need to be reported on Form 1040
  • This form is different from other self-employment related 1099 forms like the 1099-K

Table of contents

Who receives Form 1099-G?...Read more

What's on Form 1099-G?...Read more

How do I file Form 1099-G?...Read more

Who receives Form 1099-G?

If you receive a 1099-G form, it probably means that you've got some money from the government coming your way. This can be in the form of a local or state tax refund if you’ve overpaid your taxes or any unemployment compensation you received in a year. You could also receive this form if you've gotten any grants that are subject to tax. Another more uncommon use is the Commodity Credit Corporation (CCC) loan payments, mainly used by the agricultural sector. Form 1099-G also includes any Reemployment Trade Adjustment Assistance (RTAA) payments received. Under the RTAA, skilled workers aged 50 and above who qualify for Trade Adjustment Assistance (TAA) and secure new employment can receive a wage subsidy. This subsidy is specifically designed to bridge the gap between their previous job's salary and their new role's earnings to encourage workers to transition back into the workforce. Like most forms, you'll receive this form by the end of January. If you don't receive it, it's always a good idea to contact the concerned company or institution. If you only need it to view your total unemployment compensation, you can access the form online on your state’s website.
Who receives <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%);
    -webkit-background-clip: text;
    -webkit-text-fill-color: transparent;
    background-clip: text;
    text-fill-color: transparent;">Form 1099-G?</span>

Quick tip

If you're struggling with your self-employment taxes, a 1099 tax calculator can be a useful starting point.

What's on Form 1099-G?

Now, what exactly is in a 1099-G form? On one side, there's the recipient and sender's tax information. The other side has 11 boxes with all the different payment types you can receive and their corresponding amounts.
What's on <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%);
    -webkit-background-clip: text;
    -webkit-text-fill-color: transparent;
    background-clip: text;
    text-fill-color: transparent;">Form 1099-G?</span>
It is also important to stress that 1099-G forms can differ based on the state that sends it. So, not all the boxes may be in every type of 1099-G form.

How do I file Form 1099-G?

Anyone receiving the 1099-G form doesn't actually have to file it since it's done by the institution or entity that sent the form. There are some instances though where you'll need to report these payments as income. If you received any unemployment compensation, you'll need to report that on Schedule 1 (Form 1040) in the “Additional Income” section. Even if you received multiple 1099-G forms, just total the amounts from box 1 and report it. When it comes to state tax refunds, it really depends on the state you live in. If you live in a state where your employer withholds your taxes, you can deduct that tax liability if you itemize your deductions instead of claiming the standard deduction. You can use a California tax calculator to check this if you live in California. Most of the time, your employer will withhold more taxes than you owe, so you'll get a tax refund. But if you claim the itemized deduction for that tax year, that tax refund becomes taxable in the next year, and you'll have to report it as income. Let's use an example to break this down. Suppose your employer withheld $4,000 from your salary in 2024 for state taxes. When preparing and filing your return for 2024, you realized that you only owed the state $3,000. So, you got a $1,000 refund and a Form 1099-G reporting the payment. But, you itemized your deductions on Schedule A when you filed and had already deducted the $4,000 that was withheld from your income as a tax write-off. So, you’ll need to report that $1,000 refund as income when you file in 2024.
How do I <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%);
    -webkit-background-clip: text;
    -webkit-text-fill-color: transparent;
    background-clip: text;
    text-fill-color: transparent;">file Form 1099-G?</span>
Sometimes, you may have gotten a refund for a self-employed business you run. In this case, box 8 of the 1099-G form will have a checkmark in it. In this case, you'll report this refund as income on Schedule C. You can get away with not reporting your refund if you didn't benefit from it or claimed the standard deduction in the year you were owed it. So, if you claimed the standard deduction in 2024 and got the refund in 2024, you wouldn’t have to report it when you filed your 2024 tax return. If you're self-employed and looking for professional tax help, you can link your expenses to FlyFin and let A.I. effortlessly find every tax deduction you can write off. CPA who are experts in 1099 taxes are also available 24/7 for support. They can even prepare and file your federal and state tax returns.

1099 and Taxes: A Guide for Self-Employed Individuals with 1099 Income

Taking care of your taxes as a self-employed person can be a difficult undertaking. The Internal Revenue Service (IRS) defines a self-employed person as someone earning income from an independent economic activity and is responsible for collecting self-employment taxes. Knowing how to manage self-employment tax and 1099 income is one of the most important things. We will explore the complexities of self-employment tax, its computation techniques, and ways to reduce your tax liability in this post.

IRS Penalties for Not Reporting 1099 and Taxes Income

Find out how to avoid the harsh penalties associated with failing to submit 1099 income to the IRS. Learn the value of precise and timely reporting to prevent expensive errors.

Form 1040

This is the most common document in the US tax system. It's the master tax return that every American fills out.

Form 1040 Schedule C

Running a business by yourself? This is the tax return 2024 schedule where you report how much (knock on wood) profit you made or how much you (heaven forbid) lost over the course of the year.

Form 1040 Schedule SE

SE stands for self-employment tax, and this is where people who make a living working for themselves or freelancing pay Social Security and Medicare taxes.

Form 8829

If you use your home for work, you can deduct things like utilities and supplies used for your home office or storage space used for inventory from your taxes. Use this form to figure out how much you can deduct.

Form 1099

If you're self-employed, this is the form that the people who pay you use to report those payments to the IRS. Here's what you need to know about it.

Losing a 1099 form

If you've lost a 1099 that was sent to you, fear not. Here's what you can do if it happens.

Form 1099-NEC

Entities that pay you for services as a freelancer or independent contractor report those payments to the IRS using this 1099 form.

Form 1099-MISC

Entities that give you other forms of income as a freelancer or independent contractor, such as prize money or money for healthcare, report those payments to the IRS using this 1099 form.

Avoid 1099-Misc

There are ways to lower the amount of tax you pay as a 1099 self-employed individual. Here are five proven strategies.

Form 1099-K

If you receive payments of $600 or more as a self-employed individual through credit card companies and payment services like PayPal, they report those payments to the IRS using this 1099 form.

Paypal

Here's how to receive a 1099-K from PayPal and how to use it to file and pay your 1099 taxes.

Shopify

Here's how to receive a 1099-K from Shopify and how to use it to file and pay your 1099 taxes.

Venmo

Here's how to receive a 1099-K from Venmo and how to use it to file and pay your 1099 taxes.

Who Receives a 1099-K

Find out who gets a 1099-K form and how your taxes are affected by it. Learn about the requirements, cutoff points, and typical receivers of this crucial IRS document.

Information Reported on a 1099-K

Accurate tax reporting can be ensured by learning how to use the 1099-K form and comprehending the information given. Learn about monthly transactions, payer information, and gross payments.

How to Use a 1099-K for Tax Filing

Discover how to properly report 1099-K revenue on your tax return, check amounts against your records, and claim expenses as a deduction. Avert typical errors and make sure your taxes are filed correctly.

Differences Between 1099-K and 1099-MISC

To accurately report income and prevent tax-related complications, self-employed individuals must understand the fundamental differences between 1099-K and 1099-MISC forms. Learn how to deal with income that is reported on both forms and the IRS standards for figuring out which one to use.

Common Issues with Form 1099-K

Acquire knowledge on managing differences between income that is reported and what is really received, fixing inaccurate 1099-K forms, and settling conflicts with payment processors. For self-employed people to guarantee appropriate tax reporting, this information is crucial.

Preparing for Tax Season with a 1099-K

Get tips for handling tax season by using a 1099-K. Learn how to properly arrange your documents, seek advice from a tax expert, and use tax software to ensure accurate reporting.

Filing Requirements for eBay Sellers

Learn about the necessary tax filing requirements for eBay sellers, such as IRS compliance, estimated tax payments, and deadlines. Use our professional guide to stay compliant and stay out of trouble.

Tax Implications of Selling on eBay

Recognize the state-specific tax ramifications, self-employment tax, and sales tax duties while selling on eBay. The purpose of this article is to assist independent contractors in understanding the intricacies of eBay sales tax.

eBay 1099 and Tax Planning Strategies

As an eBay seller, learn crucial tactics to reduce tax obligations, optimize tax write-offs, and handle predicted quarterly tax payments. Find out how much money to set away for taxes, and get tailored guidance from a tax expert.

Form 1099-MISC VS Form 1099-NEC

Understand what makes these 1099 forms different from each other and what they mean for you as a 1099 freelancer, independent contractor or self-employed individual.

Form 1040-ES

This vital tax form for self-employed individuals and freelancers is how they pay quarterly taxes, which they need to estimate (ES means estimated taxes).

1099 A form

The 1099-A form is received when an owned property has been foreclosed. This form is reported on Schedule D after calculating capital gain or loss.

1099 B form

A 1099-B form is an informational return form for recording the sale of investments by brokerages. This is reported on Form 8949 and Schedule D.

1099 SA form

The 1099-SA form is an informational form that reports distributions from your health plan. This is filed on Form 8889 or Form 8853 and attached to Form 1040.

1099 and Taxes: Knowing the Various Form Types

To guarantee correct tax reporting and compliance, familiarize yourself with the several kinds of 1099 forms, their functions, and the filing requirements. Find out which form you require for interest income, dividend income, miscellaneous income, non-employee remuneration, and more.

1099 and Taxes: How to Include Income from 1099s on Your Tax Return

Discover the correct way to include 1099 revenue on your tax return. Comply with a methodical procedure, recognize the need of keeping precise documentation, and learn how to reconcile 1099 revenue with personal data.

1099 and Taxes: Typical Errors with 1099 Forms to Avoid

Discover key mistakes to avoid with 1099 tax forms. Learn about accurate income reporting, correct form usage, meeting deadlines, and best record-keeping practices to ensure tax compliance and avoid penalties.

1099 and Taxes: Independent Contractor Tax Deductions

Navigate the complex tax landscape as a 1099 independent contractor with our comprehensive guide on tax deductions. Learn about QBI, meal and travel costs, home office deductions, and more to optimize your savings and reduce your tax liability.

Filing 1099 and Taxes for Gig Workers or Freelancers

Discover how to file taxes if you work as a gig worker or freelancer. Recognize self-employment taxes, submit estimated taxes on a quarterly basis, and use tax software to streamline the procedure. Learn how to keep track of and classify business spending while adhering to state tax regulations.

1099 and Taxes: Strategies for Contractor Tax Planning

Discover crucial tax planning strategies for 1099 contractors. Learn how to save for taxes, make quarterly payments, use tax-advantaged accounts, manage variable income, and more to ensure financial stability and compliance.

Managing 1099 and Taxes: What to Do with a Missing or Inaccurate Form

Become knowledgeable about managing incomplete or inaccurate 1099 paperwork as a self-employed person. Learn the ins and outs of accurately reporting income, obtaining revised forms, and preventing problems with tax returns.

1099 and Taxes: Predicted Repayments on Income from 1099s

In order to stay in compliance with IRS requirements and prevent fines, learn how to calculate and submit anticipated tax payments for 1099 revenue. Learn the value of quarterly installments and how to file your estimated taxes using Form 1040-ES.

1099 and Taxes: A Guide for Self-Employed Individuals with 1099 Income

Taking care of your taxes as a self-employed person can be a difficult undertaking. The Internal Revenue Service (IRS) defines a self-employed person as someone earning income from an independent economic activity and is responsible for collecting self-employment taxes. Knowing how to manage self-employment tax and 1099 income is one of the most important things. We will explore the complexities of self-employment tax, its computation techniques, and ways to reduce your tax liability in this post.

IRS Penalties for Not Reporting 1099 and Taxes Income

Find out how to avoid the harsh penalties associated with failing to submit 1099 income to the IRS. Learn the value of precise and timely reporting to prevent expensive errors.

Form 1040

This is the most common document in the US tax system. It's the master tax return that every American fills out.

Form 1040 Schedule C

Running a business by yourself? This is the tax return 2024 schedule where you report how much (knock on wood) profit you made or how much you (heaven forbid) lost over the course of the year.

What’s FlyFin?

FlyFin caters to the tax needs of freelancers, gig workers, independent contractors and sole proprietors. But anyone can file taxes through FlyFin! FlyFin tracks all your business expenses automatically using A.I. to find every possible tax deduction. Then, the CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your Paypal taxes. Download the FlyFin app and have your taxes filed in less than fifteen minutes, saving time and more money on your taxes than last year, guaranteed.
https://dem95u0op6keg.cloudfront.net/image/PriceCalculator.webp

Expert tax CPAs ensure 100%-accurate tax filing

https://dem95u0op6keg.cloudfront.net/image/AiBrain.webp

A.I. finds every tax deduction, eliminating 95% of your work

https://dem95u0op6keg.cloudfront.net/image/MoneySack.webp

On average users save $3,700

rightCTAImage
Was this tip useful?
happy-active
Yes
happy-active
No