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paigemcreamer
New Member

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

I haven't filed yet and need to figure out how to put this in there.
1 Best answer

Accepted Solutions
LenaH
Employee Tax Expert

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

The TurboTax online software is updated to reflect the exclusion of up to $10,200.

 

First, you must enter your 1099-G. To do so, please follow the instructions below:

  1. Open or continue your tax return in TurboTax.
  2. Search for unemployment compensation and select the Jump to link.
  3. On the Did you receive unemployment or paid family leave benefits in 2020? screen, answer Yes.
  4. Follow the instructions to enter your unemployment.

Then, you can confirm it was removed by following the instructions below:

  1. Click on Tax Tools.
  2. Click on Tools.
  3. Click View Tax Summary.
  4. Click on Preview my 1040.
  5. Scroll down to Schedule 1, Part 1. You will see your unemployment on Line 7 and the deduction of up to $10,200 on Line 8.

I have attached a picture below for additional guidance.

 

 

View solution in original post

4 Replies
macuser_22
Level 15

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

For online versions just enter your 1099-G.

 

For desktop versions wait for the software update to include the changes.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
LenaH
Employee Tax Expert

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

The TurboTax online software is updated to reflect the exclusion of up to $10,200.

 

First, you must enter your 1099-G. To do so, please follow the instructions below:

  1. Open or continue your tax return in TurboTax.
  2. Search for unemployment compensation and select the Jump to link.
  3. On the Did you receive unemployment or paid family leave benefits in 2020? screen, answer Yes.
  4. Follow the instructions to enter your unemployment.

Then, you can confirm it was removed by following the instructions below:

  1. Click on Tax Tools.
  2. Click on Tools.
  3. Click View Tax Summary.
  4. Click on Preview my 1040.
  5. Scroll down to Schedule 1, Part 1. You will see your unemployment on Line 7 and the deduction of up to $10,200 on Line 8.

I have attached a picture below for additional guidance.

 

 

View solution in original post

paigemcreamer
New Member

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

So i checked and it's not showing any number in box 7. I went through and put in my 1099-G and double checked and still not showing up with anything. How do I fix that?

gloriah5200
Expert Alumni

How do I get the New Exclusion of up to $10,200 of Unemployment Compensation in turbotax?

Make sure that your version has been updated.  

 

Unemployment compensation is taxable on your federal return.  Enter your 1099G for unemployment in Federal>Wages and Income>Unemployment

 

Go through the screens very carefully to enter any federal/state tax you had withheld from the unemployment

 

For additional information please refer to the following link

 

how do I enter unemployment

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