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Senate covid relief bill. New tax exemption.
With the Senate's amendment of the stimulus bill, up to $10,200 in last year's (2020) unemployment payments are to be exempt from taxes. I did not withhold from my payments so I was liable for a payment. How does turbo tax plan to help people that already filed and paid? It seems amendment forms will not be available until the end of the month. Not that the software is updated yet. I realize this is pretty much unprecedented. Just wondering what peoples thoughts on it were
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March 6, 2021
5:54 PM