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Returning Member
posted Mar 14, 2021 10:24:57 AM

My 1099--G is for $12,000. $10,200. is non-taxable. How do I adjust it on my return.

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1 Replies
Expert Alumni
Mar 14, 2021 10:34:27 AM

TurboTax is working on implementing the changes of the American Rescue Plan Act of 2021. Please be patient.

 

If your modified adjusted gross income (AGI) is less than $150,000, then you can exclude up to $10,200 of unemployment compensation paid in 2020 from your taxable income. Amounts over $10,200 for each individual are still taxable.

 

Please see Unemployment FAQs (scroll down) for details and updates.