ToddL99
Expert Alumni

Get your taxes done using TurboTax

The state of FL does not have an income tax - any unemployment you receive while a resident of FL is tax-free.

 

The federal government just passed a law that exempts up to $10,200 of unemployment compensation from federal tax (for households making less than $150,000).

 

As soon as the IRS issues instructions on how to report newly-exempt 2020 unemployment payments, TurboTax will make the necessary updates to its programs. Until those changes are made, you have two options: 

  

1. File now and amend your return later, after updates have been made. 

2. File after IRS instructions are released and the programs have been updated.