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Deductions & credits
You claim the full amount on your 1099-G on your 2020 tax return. TT will automatically deduct up to $10,200, as provided for in the new tax law. Then come back in early 2022 when you are ready to file your 2021 return, and we'll tell you how to handle the 2021 payback.
March 30, 2021
8:52 AM