DanaB27
Expert Alumni

Get your taxes done using TurboTax

You will have file file an amended return to enter the unemployment and taxes withheld. Please wait until your original return has been processed and see How to amend a tax return to get a refund on the taxes paid (if you qualify for the unemployment exclusion).

 

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.

 

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