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Get your taxes done using TurboTax
If you are referring to the unemployment exclusion update then this is updated in TurboTax Online. You can see the exclusion of unemployment on line 8 Schedule 1.
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.
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March 24, 2021
1:08 PM