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Terren6
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How do i enter the 10,200 tax break on turbo tax?

 
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2 Replies

How do i enter the 10,200 tax break on turbo tax?

You do not have to enter it the tax break.   The tax software is updated for the change for unemployment.  All you need to do is enter your 1099G for the unemployment you received and the software will do the calculations.   You will not pay federal tax on the first $10,200 of unemployment if your AGI is less than $150,000.

**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.**
RayW7
Expert Alumni

How do i enter the 10,200 tax break on turbo tax?

TurboTax will guide you on how to claim these additional unemployment benefits for both your Federal and applicable state returns. Federal changes have been made in product, but some states are still being updated, so TurboTax will prompt the customer on what to do. 

 

The product will prompt the customer to wait if they're in a situation where the product isn’t updated for their filing yet.

 

-follow this link for additional information-

Unemployment Stimulus: Am I Eligible for the New ...

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