DanaB27
Expert Alumni

Retirement tax questions

TurboTax is working on updating their software to reflect American Rescue Plan effects.

 

If you are talking about unemployment payments.  Up to $10,200 of unemployment compensation paid in 2020 will be excluded from income. Please see IRS New Exclusion of up to $10,200 of Unemployment Compensation for details.

 

Please see Do I need to file a federal return this year? for additional information.

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