Illinois Department of Employment Security issued the following announcement on Feb. 13.
1099G tax forms are now available to include when filing taxes for those who received unemployment insurance benefits for the 2019 calendar year, the Illinois Department of Employment Security (IDES) announced on Feb. 13.
Over 220,000 individuals opted to receive the 1099G form electronically, which were made available on January 10, while just more than 115,000 individuals opted to receive paper versions of the form, which were mailed January 30.
IDES paid $1.73 billion in unemployment insurance benefits to 338,462 individuals in 2019. That number is lower than the 2018 calendar year, when more than 345,000 people filed for and received unemployment insurance benefits.
The Unemployment Insurance Trust Fund is the mechanism by which unemployment insurance benefits are paid to workers who lost employment through no fault of their own. Employer contributions flow into the trust fund and are distributed to displaced workers through IDES as claims are processed. Employer contributions to the Unemployment Insurance Trust Fund are projected to generate $1.5 billion for the 2020 calendar year.
For questions or concerns regarding the 1099G tax form, please contact the IDES Claimant Services Center at 800.244.5631 or visit IDES.Illinois.gov.
About the Department of Employment Security
The Illinois Department of Employment Security (IDES) provides vital employment services to Illinois workers, employers, and job seekers with resources including Job Fairs and Illinois Job Link, analyzes and disseminates actionable Labor Market Information, and administers the Unemployment Insurance Program. To see the full range of services provides by IDES, and for the latest news concerning the department, visit IDES.Illinois.gov.
Original source can be found here.