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New Member
posted Mar 18, 2021 10:39:12 AM

update in stimulus package unemployment not taxable will you notify me when your program is updated so i can amend?

There was an update in the stimulus package and unemployment is no longer taxable.  Will you update me when your program is updated so I can amend my return?

 

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2 Replies
Level 15
Mar 18, 2021 10:58:21 AM

We don't know yet if the IRS is going to require an amendment, or if it will adjust for this themselves. See this:

IRS Statement - American Rescue Plan Act of 2021 | Internal Revenue Service

Expert Alumni
Mar 18, 2021 11:04:55 AM

The American Rescue Plan Act signed in 3/11/2021 makes the first $10,200 of unemployment payments per taxpayer, free of federal taxation for households with an annual income under $150,000.  

 

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