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There is a new unemployment exclusion that goes on 2020 returns. Some of the other changes like child credits are for this year 2021.
Did you get unemployment? Up to 10,200 can be excluded. Just enter your 1099G.
Enter a 1099G for unemployment under
Federal on left
Wages & Income at top
Unemployment - Click the Start or Update Button
If your modified AGI is $150,000 or more, you can’t exclude any unemployment compensation. The exclusion will be on Schedule 1 Line 8 as a negative number. Your unemployment compensation will be on Line 7 of Schedule 1. The result flows to Form 1040 Line 8.
If you have automatic updates enabled,
open your tax return now in TurboTax and you will find that things are not as you remembered them.
Always make a paper copy of your completed return for your record and review it carefully before you file.
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