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Get your taxes done using TurboTax
Just checked today, March 22, and the unemployment compensation exclusion is now incorporated, in the online version at least. If your AGI is under $150,000, up to $10,200 of 2020 unemployment insurance income is now free of federal tax. You have to declare it as income but it gets offset with a credit/adjustment which will appear on Schedule 1.
March 22, 2021
10:55 AM