LenaH
Employee Tax Expert

Get your taxes done using TurboTax

No. It is best to wait until TurboTax software is updated before attempting a deduction on that Line 8 of Schedule 1. Otherwise, it could delay refunds significantly.  

 

As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020. 

 

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