For tax year 2020, 10,200 of unemployment income was able to be excluded from taxable income due to the American rescue plan act. Did that same rule apply in the 2021 tax year?
Thanks in advance for any help.
You'll need to sign in or create an account to connect with an expert.
No that rule did not apply to tax year 2021. That was for 2020 only. Why are you asking now in 2026?
No that rule did not apply to tax year 2021. That was for 2020 only. Why are you asking now in 2026?
Helping someone to do back taxes and they had unemployment income in 2021 and Chat GPT said that 10,200 could be excluded but I guess it was worng?
Thanks.
It probably meant the tax return you were filing in 2021 which would have been for your 2020 tax return. The answer I got from AI was no, only for 2020.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tonybeo
Level 3
eli-dansky
New Member
fuzzymillipede
New Member
kjackso2
New Member
user17759445623
Level 1