I was unemployed for most of 2020. Due to the American Rescue plan, does the TurboTax system not tax the first $10,200 in unemployment benefits?

stinad · ‎March 13, 2021

xmasbaby0 · ‎March 13, 2021

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/01/1393859...

You are among millions who have now been affected by a mid-tax season change in the tax law. Patience will be necessary.

TurboTax will update the software for the unemployment but there is no timeline yet.

If you have not e-filed yet—-wait. And if you already e-filed and want to amend for this—WAIT.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I was unemployed for most of 2020. Due to the American Rescue plan, does the TurboTax system not tax the first $10,200 in unemployment benefits?