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How does the tax exemption for the first $10,200 of unemployment benefits as specified in the American Rescue Plan affect tax returns already filed and accepted for 2020?

Using TurboTax Online, I filed federal and state tax returns and both returns were accepted prior to the American Rescue Plan being signed into law. What do I do next to take advantage of the unemployment benefits tax exemption provision?
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How does the tax exemption for the first $10,200 of unemployment benefits as specified in the American Rescue Plan affect tax returns already filed and accepted for 2020?

your have to wait.

IRS has not yet issued guidelines for persons who already filed.

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2 Replies

How does the tax exemption for the first $10,200 of unemployment benefits as specified in the American Rescue Plan affect tax returns already filed and accepted for 2020?

your have to wait.

IRS has not yet issued guidelines for persons who already filed.

How does the tax exemption for the first $10,200 of unemployment benefits as specified in the American Rescue Plan affect tax returns already filed and accepted for 2020?

Thank you for responding. Words alluding to the same general effect also appear on IRS.gov. WAIT is the watchword for the moment.

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