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Get your taxes done using TurboTax
Yes, if you filed after the law changes then the unemployment exclusion is already reported on line 8 of Schedule 1.
If your modified adjusted gross income (MAGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.
If you filed before the law changes then please see IRS to recalculate taxes on unemployment benefits; refunds to start in May
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May 2, 2021
10:37 AM