Yes, you will have to amend your return to reflect the RELIEF Act and get a refund of any taxes paid for your unemployment compensation if you are eligible. However, the forms must first be revised by the State of Maryland. TurboTax will then update the Maryland state return in the program.
Per the State of Maryland on 2/16/21, the Comptroller began accepting tax year 2020 returns for processing prior to the enactment of the RELIEF Act. Due to the emergency nature of this bill, both individual and business tax forms will be created or modified to account for its provisions.
Once the forms are updated, you will be able to amend your return.
Also, please keep in mind that the tax free unemployment waiver only appears to apply to single filers who reported under $75,000 or joint filers who reported under $100,000.
For more information, please see the Relief Act Tax Alert.
[Edited 3/7/21 l 11:55am PST]
Is there a timeframe said by the Comptroller of Maryland on when they are going to update the forms? No point in my filing my taxes now if they are going to update it and then ammend it. So just wondering if there has been a time frame.