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?
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
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?
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?
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.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.