The treatment of the unemployment compensation is still being determined at this point by the IRS. According to the newly passed legislation, the first $10,200 on unemployment earned in 2020 would be considered nontaxable if your household income is less than $150,000.
IRS Statement on American Rescue Plan
Once the IRS issues some guidance, TurboTax will be able to update their software accordingly.
How will the 3rd stimulus affect me
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