Does turbo tax automatically account for the 10,200 deduction from unemployment benefits from the american rescue plan or do I need to subtract it out myself?

152

Level 15

Mar 28, 2021 5:59:09 PM

Enter the total of the unemployment compensation you received in 2020. The program will calculate the exclusion for you and enter it on your federal tax return.

Why sign in to the Community?

Does turbo tax automatically account for the 10,200 deduction from unemployment benefits from the american rescue plan or do I need to subtract it out myself?