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astrayia
New Member

I had to get some unemployment last year. The new bill states that $10,200 is non taxable. How will I see an adjustment on TurboTax?

 
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2 Replies

I had to get some unemployment last year. The new bill states that $10,200 is non taxable. How will I see an adjustment on TurboTax?

This bill has not yet been enacted into law, so we don't know how the IRS proses to handle it.  Stay tuned.

MinhT1
Employee Tax Expert

I had to get some unemployment last year. The new bill states that $10,200 is non taxable. How will I see an adjustment on TurboTax?

 

The new proposed bill is expected to exempt from taxation up to $10,200 of unemployment benefits received in 2020.

 

However, the bill is not enacted into law yet. Please be patient. When it becomes law, the IRS will provide guidance on what taxpayers need to do. And TurboTax will always timely assist their customers.

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