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Marianne1
New Member

deducting 10,300 unemployent benefit

I have not filed my 2020 taxes.  The federal government has passed the law allowing a person not to pay taxes on 10,300.  How can I take this deduction?

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2 Replies

deducting 10,300 unemployent benefit

The amount is 10,200. The IRS has not said how this will be implemented. It is likely you will have to amend your return after the IRS and tax programs update their software. 

deducting 10,300 unemployent benefit

you'll have to wait until the IRS publishes instructions and Turbotax updates its apps. you can file now reporting the full amount as taxable and amend later.

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