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
Level 2
posted Mar 31, 2021 1:14:22 PM

Does anyone know if TurboTax accounts for the new Covid relief for the first $10,000 of unemployment yet?

As of March 31?

0 1 52
1 Replies
Level 15
Mar 31, 2021 1:17:34 PM

The unemployment compensation exclusion update was released across all TurboTax platforms, online and desktop, on 03/26/2021.

The exclusion is on Schedule 1 Line 8 as a negative number.

 If your modified AGI is $150,000 or more, you can’t exclude any unemployment compensation.