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Get your taxes done using TurboTax
Yes, you are correct. The way to exclude the Unemployment Compensation income is on a new Unemployment compensation Exclusion Worksheet. The IRS is working with software companies to implement this worksheet as soon as possible.
To read more about eligibility and this worksheet see: IRS: New Exclusion of up to $10,200 of Unemployment Compensation
March 14, 2021
6:26 AM