Deductions & credits

Assuming that you are using the TurboTax online editions and your 2020 AGI is less than $150,000 -

 

Just enter your unemployment compensation as reported on the Form 1099-G that you received from your state.  The TurboTax software will calculate the exclusion and enter the result on the Form 1040 Line 8.

 

Enter unemployment compensation in the Search box located in the upper right of the program screen. Click on Jump to unemployment compensation