Are the forms updated to reflect the first $10,000 of unemployment to not be federally taxed?

[DanaB27]

No, not yet but TurboTax is working on implementing the changes of the American Rescue Plan. Please check for more details here and scroll down to Unemployment FAQs.

"If your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200. If you are married, each spouse receiving unemployment compensation doesn’t have to pay tax on unemployment compensation of up to $10,200. Amounts over $10,200 for each individual are still taxable. If your modified AGI is $150,000 or more, you can’t exclude any unemployment compensation" (IRS).