Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 13, 2021 9:13:19 AM

What does the new tax break in the new stimulus package mean for me? I'm unclear as to what it means.

0 1 372
1 Replies
Level 15
Apr 13, 2021 9:21:33 AM

Did you enter unemployment compensation?

Go to this IRS website for information on the unemployment compensation exclusion - https://www.irs.gov/forms-pubs/new-exclusion-of-up-to-10200-of-unemployment-compensation

 

Did you receive a Form 1095-A for health care coverage from one of the state Marketplace Exchanges?

Go to this IRS website for the Premium Tax Credit adjustment - https://www.irs.gov/newsroom/irs-suspends-requirement-to-repay-excess-advance-payments-of-the-2020-premium-tax-credit-those-claiming-net-premium-tax-credit-must-file-form-8962