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Get your taxes done using TurboTax
I recommend waiting to file to avoid any delays in processing your return as this will directly affect you.
The tax treatment 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
You can sign up for updates on the link below:
Sign up for updates on unemployment benefits
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March 16, 2021
9:47 AM