DanaB27
Expert Alumni

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"