topic The new stimulus bill says that the first 10,500 of unemployment benefits are not taxable. But, when I entered mine, my refund went down. What happened? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-but-when-i/01/2081413#M140561 Mon, 15 Mar 2021 01:01:22 GMT melodybennett 2021-03-15T01:01:22Z The new stimulus bill says that the first 10,500 of unemployment benefits are not taxable. But, when I entered mine, my refund went down. What happened? https://ttlc.intuit.com/community/retirement/discussion/the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-but-when-i/01/2081413#M140561 Mon, 15 Mar 2021 01:01:22 GMT https://ttlc.intuit.com/community/retirement/discussion/the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-but-when-i/01/2081413#M140561 melodybennett 2021-03-15T01:01:22Z Re: The new stimulus bill says that the first 10,500 of unemployment benefits are not taxable. But, when I entered mine, my refund went down. What happened? https://ttlc.intuit.com/community/retirement/discussion/re-the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-but/01/2081495#M140572 <P>It's $10,200, but TT has not yet finished programming and testing this. The IRS then approve it, so stay tuned.</P> Mon, 15 Mar 2021 01:17:42 GMT https://ttlc.intuit.com/community/retirement/discussion/re-the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-but/01/2081495#M140572 SweetieJean 2021-03-15T01:17:42Z Re: The new stimulus bill says that the first 10,500 of unemployment benefits are not taxable. Bu... https://ttlc.intuit.com/community/retirement/discussion/re-the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-bu/01/2081647#M140587 <P><SPAN style="font-size:12.0pt"><SPAN style="font-family:Calibri"><SPAN style="color:#1b1b1b">The American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020 if your modified AGI is $150,000 or less for married filing joint.&nbsp;&nbsp;</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:12.0pt"><SPAN style="font-family:Calibri"><SPAN style="color:#1b1b1b">The IRS will issue guidelines regarding the exclusion of unemployment soon. </SPAN></SPAN></SPAN><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial">Click&nbsp;</SPAN></SPAN><A href="https://www.irs.gov/coronavirus/get-my-payment" target="_blank">here</A><SPAN style="font-size:10.5pt"><SPAN style="font-family:Arial">&nbsp;for latest information.</SPAN></SPAN></P> <P><SPAN style="font-size:11.0pt"><SPAN style="font-family:Calibri">&nbsp;</SPAN></SPAN></P> Mon, 15 Mar 2021 01:50:48 GMT https://ttlc.intuit.com/community/retirement/discussion/re-the-new-stimulus-bill-says-that-the-first-10-500-of-unemployment-benefits-are-not-taxable-bu/01/2081647#M140587 JoannaB2 2021-03-15T01:50:48Z