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Get your taxes done using TurboTax
Put what? Turbo Tax is updated for the unemployment exclusion. Just enter the 1099G for the full amount of your unemployment. It will automatically be subtracted if you qualify. You don't have to do anything else.
If you have unemployment you can exclude up to 10,200 (for each spouse) 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.
May 7, 2021
7:58 PM