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New Member
posted Jun 3, 2021 1:11:39 PM

I received unemployment benefits last year. My 1099-G doesn't reflect that the first $10,200 of unemployment benefits are exempt. Will Turbo Tax calculate the exemption?

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1 Replies
Level 15
Jun 3, 2021 1:16:13 PM

Yes.  Both Turbo Tax Online and Desktop programs have been updated for the exclusion and will give it to you automatically if you qualify. If you have unemployment you can exclude up to 10,200 (per spouse) if your income is under $150,000. Your unemployment compensation will be on Schedule 1 line 7. The exclusion will be on Schedule 1 Line 8 as a negative number. The result flows to Form 1040 Line 8.


If you have not filed just enter the full amount from the 1099G. You don’t need to do anything else to get the 10,200 exemption.


Before filing you can preview the 1040 or print the whole return
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160