$44,000 Unemployment Tax-Free

If you are filing as married filing jointly with one child, with an unemployment benefits Form 1099-G for approximately $44,000, and have no other income or deductions, you would not have a balance due on a federal tax return.

Child tax credit offsets income tax liability and produces this result.

Any federal and state withholding listed on 1099-G would increase your tax refund by those amounts.