- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You will enter your GROSS Unemployment Benefits.
Keep in mind that the new legislation from the American Rescue Plan excludes from income up to $10,200 of unemployment compensation paid in 2020; if your modified adjusted gross income (AGI) is less than $150,000.
https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation
However, only certain states allow the same benefit. Other states consider that income taxable.
‎April 4, 2021
5:45 PM