Do i take the adjustment to unemployment income or will the IRS make the adjustment of 10,200 ?

 
KathrynG3
Expert Alumni

Get your taxes done using TurboTax

The IRS will make the adjustment for you automatically if you filed before the legislation was enacted. The IRS asks that taxpayers do not amend. 

 

For more information, see: New Exclusion of up to $10,200 of Unemployment Compensation | Internal Revenue Service

rjs
Level 15
Level 15

Get your taxes done using TurboTax

If you did not file yet, TurboTax will automatically give you the $10,200 exclusion when you enter your 1099-G for unemployment. You do not have to do anything to get it. The exclusion will appear on Schedule 1 line 8.