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

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

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-p...

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