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Get your taxes done using TurboTax
You are correct, MD has suspended taxing unemployment. However the unemployment is still federally taxable and must be entered as @xmasbaby mentions.
Update: With the new stimulus law nearing signature there is language therein that has a tax break on the first $10,200 of unemployment benefits received in 2020. Once the bill becomes law the IRS will issue implementation guidance on this and other provisions of this new tax law.
Following that IRS guidance, tax preparation software will be updated with the changes and once the software changes are approved by the IRS, they will be pushed to customers.
There is no projection on when all these steps will be completed yet.
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March 11, 2021
8:08 AM
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