JotikaT2
Employee Tax Expert

Get your taxes done using TurboTax

It 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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"