@mgosswein2 wrote:
I am completing my daughters tax return for 2020 tax year and she is getting taxed on her unemployment income she earned in 2020. Why is that? Up to 10,200 should be non-taxable but my updated TurboTax Deluxe product does not reflect this.
The software is scheduled to be updated on 03/19 to include the unemployment compensation exclusion.
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
