Retirement tax questions


@Lore1c wrote:

Has Turbo Tax updated their software to be able to reduce the 10,200?  Or do we just reduce the amount from the 1099G? 


See this TurboTax support FAQ for information for the unemployment compensation exclusion - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-claim-the-new-unemployment-benefits-in-tu...

 

Also see this IRS statement - https://www.irs.gov/newsroom/irs-statement-american-rescue-plan-act-of-2021