Once the IRS provides additional guidance, TurboTax will be updated to reflect these new tax laws relating to unemployment. . If you've already filed, see How do I get the new unemployment benefits if I’ve already filed my taxes? to sign up for updates.
As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments are now tax-free for households with annual incomes less than $150,000. This expanded tax relief begins this year, starting for taxpayers filing returns after January 1, 2020.
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