ToddL99
Expert Alumni

After you file

Eventually, your 2020 return will be adjusted to show the recently passed exemption for unemployment compensation. Whether the IRS does that internally or you have to amend your return remains to  be seen.

 

As soon as the IRS (and states) issues instructions on how to report newly-exempt 2020 unemployment payments, TurboTax will make the necessary updates to its programs.

 

For customers who have already filed, go to: How do I get the new unemployment benefits if I’ve already filed my taxes? to sign-up for updates