Do NOT amend your tax return for the new unemployment exclusion. With this new law, if your household income is less than $150,000, the first $10,200 of unemployment will be tax-free, but any amount you receive above that will be taxed.
The IRS has announced that they will include this change and adjust your return accordingly and do NOT want taxpayers to send in an amended return. It will take unusually extended timeframes for this to occur.
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