As part of the recently passed American Rescue Plan, the first $10,200 worth of unemployment payments is 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. The IRS will provide additional guidance about what you need to do to take advantage of this relief if you already filed your 2020 tax return. We are currently updating TurboTax to reflect the changes in tax law.
If you’d like to be updated when the information becomes available, please sign up here. @warrenfamilyx6
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
