KathrynG3
Expert Alumni

Get your taxes done using TurboTax

The value on Line 8 cannot be entered as an override. For now, wait for this update to be evidenced by watching the Refund Tracker to increase for the amount of unemployment income up to $10,200 that was currently taxed.

 

The IRS intends to work with tax software companies to add an additional worksheet. However, these are not yet implemented. They will be incorporated as soon as possible.

 

See: IRS Statement - American Rescue Plan Act of 2021

New Exclusion of up to $10,200 of Unemployment Compensation