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Get your taxes done using TurboTax
Actually today is Tuesday 4/20. Have you filed yet? Turbo Tax has been updated for the unemployment exclusion for almost a month now.
For the Unemployment 10,200 exclusion......
You don't have to do anything special to get it. It is automatic. Just enter your 1099G. If the exclusion doesn't show up you may need to update the Desktop program. If updating doesn't help or you are using the Online version then delete the 1099G and re enter it.
If you have unemployment you can exclude up to 10,200 if your income is under $150,000. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.
AFTER FILING
If you already filed and didn't get the 10,200 unemployment exclusion you do not need to amend. The IRS will be adjusting it for you. See,