DanaB27
Expert Alumni

Retirement tax questions

TurboTax is working on implementing the changes of the American Rescue Plan Act of 2021. Please be patient.

 

If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

 

Please see Unemployment FAQs (scroll down) for details and updates.

 

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