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Get your taxes done using TurboTax
How do I deduct $10,200 from unemployment income received in 2020? My wife was unemployed and she collected a total of $18,446 in unemployment. Should I report just $8246 (i.e. $18,446 - $10,200 = $8246) or will TurboTax software will be updated to reflect this latest change - as Per the American Rescue Plan enacted on March 11, 2021.
March 15, 2021
11:42 PM