Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
Returning Member

Unemployment Tax Relief for 2021


Anyone knows about if the same rule for unemployment exclusion ($10,200) will be applied for tax year of 2021? Since I need to estimate the income for 2021.  


2 Replies
Level 15

Unemployment Tax Relief for 2021

Ask Congress.   Maybe they will wait until mid-tax season again and let us know.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Expert Alumni

Unemployment Tax Relief for 2021

Officially the answer is no, at least for now.  The American Rescue Plan Act of 2021 was very specific in making the 10,200 nontaxable unemployment provision exclusive to tax year 2020.  So if you need to estimate your income, plan on all of your unemployment being taxable for next year.  Be pleasantly surprised, as many were, if any amount of unemployment is considered not taxable when we file next year also.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings