Yes it does. The first $10.200 of unemployment you received in 2020 is not taxed now. If you already filed before the tax law changed or if you filed before the software updates went in, you do not need to amend. Please read the following:
Here is why you do NOT amend your return for unemployment:
Please read this very recent news from the IRS:
https://www.irs.gov/newsroom/irs-to-recalculate-taxes-on-unemployment-benefits-refunds-to-start-in-m...
https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...
https://ttlc.intuit.com/community/internal-revenue-service/help/how-is-my-state-taxing-unemployment-...
If you have not yet filed your 2020 return, the software is updated for the change in the tax for unemployment so that you can enter your 1099G and the software will calculate any tax owed--if any--or if you overpaid it will be added back to your refund.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
